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To: Right_Wing_Madman

“There’s no way the US can find buyers of $9 trillion in bonds for one year.”

There is an old joke that solves this mystery.

A man walks up to a strange woman and says:

“Will you have sex with me for a billion dollars?

She says: “For a billion dollars. You really have a billion dollars to give me. Well, OK. Let’s go back to my place.”

He says: “Now we have established what you are. All that remains to be discussed is the price.”

There are always buyers for anything—at the right price.


18 posted on 01/15/2024 4:01:14 PM PST by cgbg ("Our democracy" = Their Kleptocracy)
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To: cgbg
There are always buyers for anything—at the right price.

T-bill rates will need to be much higher.

I remember Italy's failed bond auction back in 2012, and the ECB had to step in and buy the remaining bonds.

20 posted on 01/15/2024 5:00:49 PM PST by Right_Wing_Madman
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