American Debt is becoming less attractive to foreign buyers. The new Fed chairman seems less eager to buy up the excess debt than her predecessor. The recovery is so fragile that they don’t dare allow interest rates to rise (to make the debt more attractive), so some sort of shell game is at work. It looks like we may be approaching some sort of cliff.
“The new Fed chairman seems less eager to buy up the excess debt than her predecessor.”
Which is a surprise to many. Maybe the FED is still buying it via Brussels.