Bond Bubble Coming to an End? Prepare for the Bust [View article]
Government buying its own debt?
What the hell does that mean? I guess we could run a hundred trillion dollar debt and it will be all right since the government will be buying it.
I think that you are either talking about digital printing of money or taking on a huge amount of debt service paid buy you and me.
I believe that the author is correct we have reached an inflection point. The foreigners are not able and unwilling to buy more debt. This will not have a happy ending for the owners of this debt. I have hear estimate government is taking on a liabilities as high as 9 trillion or more. This is third world country actions and even the dollar and the US bonds will break under this pressure.
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Government buying its own debt?
Dec 03 12:45 pm
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All Comments by Gaucho »Bond Bubble Coming to an End? Prepare for the Bust [View article]
What the hell does that mean? I guess we could run a hundred trillion dollar debt and it will be all right since the government will be buying it.
I think that you are either talking about digital printing of money or taking on a huge amount of debt service paid buy you and me.
I believe that the author is correct we have reached an inflection point. The foreigners are not able and unwilling to buy more debt. This will not have a happy ending for the owners of this debt. I have hear estimate government is taking on a liabilities as high as 9 trillion or more. This is third world country actions and even the dollar and the US bonds will break under this pressure.