georgegammon (georgegammon)

Trump pushing US further down the Orwellian slippery slope If you argue this is a good idea why would it not be a good idea for all tourists? Why would it not be a good idea for all Americans? Would minority report only stop foreigners from committing crimes?

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Then predictably everyone who believes #1 will claim this is because they’re trying to bring down long rates w/o ever looking at history to realize the collateral (bills) is far more important to liquidity than bank reserves

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I heard Gundlach say debt/deficits are leading to higher treasury yields As evidence to this he highlighted the steepening of the 10y vs 30y as the Fed is cutting rates (implying this is unprecedented) From Jan 2008 to June 2008 FFR dropped by 200bps and 10y/30y steepened This had nothing to do with debt/deficits it was, as you’d expect growth/inflation and is something we’ve seen often in these cycles If a nobody on YouTube who almost flunked out of high school (me) knows this the “bond king” should know this

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