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re: Biden proposes a $7.3 trillion dollar budget with projected tax revenues of $5 trillion?
Posted on 3/11/24 at 5:25 pm to Bass Tiger
Posted on 3/11/24 at 5:25 pm to Bass Tiger
They have been getting away with it because of how interbank lending markets function. The banks need the collateral. It also explains why European bond yields are so low while the entire Eurozone is bascially in recession. Bond vigilantism is mostly dead for this reason.
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