Just under 70% of all Treasury issuance is now short-term T-Bills. They mature in weeks.
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It sounds like the government still needs the money, so they have to sell another batch of T Bills. No biggie… as long as they can find some suckers to purchase 70% of the national debt in the next few weeks at rock bottom rates. However, this may not be the case, and if so the country could be in a lot of trouble,
Not a T Bill expert, but they may have to build an absurd return into it, which would just cause the debt to spiral even more out of control, or alternatively they turn on the money printer and cause inflation to spiral out of control. Or maybe Trump has a trick up his sleeve to have the Fed buy it up and bankrupt them. The only thing we really know is that the fate of the economy rides on how they navigate this, and all of America’s enemies (and most of its allies) are trying to sabotage it.
I think the suckers are about broke.
I can’t wait for that.