Very interesting read. Her analysis is pretty good. Yet the Wisconsin defeat wasn't due to a turning away from President Trump's policies, it was straight up cheating. Maybe she isn't too versed in the world of democratic cheating policies. Thanks for sharing and putting a link in the comments. That made for way easier reading.
Here's a speculative question: Some of us recall that back in the first Trump presidency he basically "took over" the Fed and wed it to the Treasury Department. What if all the speculation about what the Fed might do about interest rates is simply moot in the end and that Trump / Treasury reins in (or even disbands) the Fed?
The way bonds work is different than how loans typically work for you or I. A loan normally has you paying back the principal (the amount you borrowed) along with interest over the term of said loan.
A bond instead has the principal as a lump sum payment at the end (aka, the bond matures), with the monthly/quarterly/annually payments being interest only.
In the case of the US govt, they don't have trillions to pay back the principal of all the bonds, so instead they have to make a new bond to pay the old bond off (like balance transfering a credit card). High interest rates means the new bonds are more expensive to keep, which means govt becomes more expensive to keep running.
Very interesting read. Her analysis is pretty good. Yet the Wisconsin defeat wasn't due to a turning away from President Trump's policies, it was straight up cheating. Maybe she isn't too versed in the world of democratic cheating policies. Thanks for sharing and putting a link in the comments. That made for way easier reading.
Here's a speculative question: Some of us recall that back in the first Trump presidency he basically "took over" the Fed and wed it to the Treasury Department. What if all the speculation about what the Fed might do about interest rates is simply moot in the end and that Trump / Treasury reins in (or even disbands) the Fed?
Good point.
https://nitter.poast.org/tanvi_ratna/status/1907880105369845865
https://threadreaderapp.com/thread/1907880105369845865.html
Thanks for nitter link 👌
What does "deby matures" mean? It come due, or goes away?
The way bonds work is different than how loans typically work for you or I. A loan normally has you paying back the principal (the amount you borrowed) along with interest over the term of said loan.
A bond instead has the principal as a lump sum payment at the end (aka, the bond matures), with the monthly/quarterly/annually payments being interest only.
In the case of the US govt, they don't have trillions to pay back the principal of all the bonds, so instead they have to make a new bond to pay the old bond off (like balance transfering a credit card). High interest rates means the new bonds are more expensive to keep, which means govt becomes more expensive to keep running.
Deby will mature just like all the other girls her age.......