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17-07-2022, 12:31 PM
I do concur with you. Given the large amount of US debt, it is very difficult to keep financing it at high interest prescribed by the fed. They have very expensive national programs and a global policing operation called the US Defense Force to maintain. On top of it, a crippling interest burden will put US in perpetual bankruptcy.
Interest rates cant rise too high because of the above. The natural thought would have been to tweak the QT because it doesn't affect interests too much. What it affects more are the loss making silicon valley companies which are a large democrat supporter base, this is something Biden would not like to do.
Interest rates cant rise too high because of the above. The natural thought would have been to tweak the QT because it doesn't affect interests too much. What it affects more are the loss making silicon valley companies which are a large democrat supporter base, this is something Biden would not like to do.