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"can pay off the entire deficit any time it has the political will to do so"
It's already been "paid." Separately, it's nice to see people at least wanting to understand, so that's good. But this still reinforces the idea that there's a debt. Progress is little steps. Little steps.
In Mike's video's and Bill Mitchell blog posts. Why do both Mike and Bill default to cross currency yield spreads when Brian Romanchuk has already shown cross currency yield spreads so not matter ?
My view is I am with Brian on this one. Nothing to do with cross currency yield spreads.
It all to do with the seasonal flows and the 10 year yield will start falling and fall right up until the new year.
Or highly unlikely .....
Since the $ is now on an oil standard the crude price is playing silly buggrs with the $ yield curve.
Notice the 10 year yield started falling when Crude started to fall again. Just like the 10 year yield started to rise after the rate cuts when crude moved off its current lows.
Chart the crude price v's the 10 year yield and look at the yearly chart. Can somebody please tell me what the he'll is going on here!
Please don't say it is because the US is now a net exporter of oil.
6 comments:
"can pay off the entire deficit any time it has the political will to do so"
It's already been "paid."
Separately, it's nice to see people at least wanting to understand, so that's good. But this still reinforces the idea that there's a debt.
Progress is little steps. Little steps.
“It's already been "paid."
Pay it again!!! Keep paying it!!! 🤪
Can vaporize the deficit by taxing it. Which would vaporize the economy.
Right she saying a wealth tax and everyone complaining about it… can’t have it both ways..,
Question :
In Mike's video's and Bill Mitchell blog posts. Why do both Mike and Bill default to cross currency yield spreads when Brian Romanchuk has already shown cross currency yield spreads so not matter ?
My view is I am with Brian on this one. Nothing to do with cross currency yield spreads.
It all to do with the seasonal flows and the 10 year yield will start falling and fall right up until the new year.
Or highly unlikely .....
Since the $ is now on an oil standard the crude price is playing silly buggrs with the $ yield curve.
Notice the 10 year yield started falling when Crude started to fall again. Just like the 10 year yield started to rise after the rate cuts when crude moved off its current lows.
Chart the crude price v's the 10 year yield and look at the yearly chart. Can somebody please tell me what the he'll is going on here!
Please don't say it is because the US is now a net exporter of oil.
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