Today, the Wall Street Journal takes the lead in this race of disgrace by publishing this piece titled:
"Race to Be Uncle Sam’s Biggest Lender Continues!"
Plenty of misguided reporting here for general consumption. Here are some dandies:
Japan continues to hang close to China as the second-largest holder of Uncle Sam’s IOUs — known as Treasury bonds.Try USTs are Financial Assets WSJ... here's another humdinger:
Like most developed countries, the U.S. always runs budget deficits, meaning they constantly need investors to buy their new debt or rollover old loans to keep lights on.This is simply a moron statement here; "to keep lights on". The WSJ is a disgrace.
Some have worried that the Fed’s massive involvement in the market for U.S. debt could potential turn off borrowers. The latest TIC numbers don’t suggest that’s happening just yet.No not "just yet"... it's only been like 100 years and counting.
It is a shame to witness what false and sophomoric reporting can pass for financial journalism these days at what should be leading publications.
TIP: Stay with the MMT blogs if you value truth and accuracy.