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Started By
Message
re: Just in -- Treasury’s $24 billion 30-year bond auction goes poorly today
Posted on 11/9/23 at 4:30 pm to deltaland
Posted on 11/9/23 at 4:30 pm to deltaland
quote:
What happens theoretically if people just stopped buying these bonds? Would it force govt to cut spending if they can’t sell the bonds to borrow the money to cover it?
More Quantitative Easing in which the government just prints money by selling the bonds to themselves.
Problem is that we’re already more inflated than Chris Christie’s waistline and expanding the money supply is only going to make it worse.
0
Posted on 11/9/23 at 4:30 pm to deltaland
quote:
What happens theoretically if people just stopped buying these bonds? Would it force govt to cut spending if they can’t sell the bonds to borrow the money to cover it?
The Feds start printing money. Inflation increases.
Speculation: the Fed merges with the US Government. The digital dollar replaces the green back.
You will own nothing and like it.
Posted on 11/9/23 at 4:33 pm to deltaland
quote:
What happens theoretically if people just stopped buying these bonds?
That would basically collapse the global banking system
Posted on 11/9/23 at 4:34 pm to Bard
quote:
quote:US debt service will blast through $1 trillion annually by the end of Q1 in 2024
Where are you seeing this?
Here's a quick Google search on US debt service for 2023...
quote:
As of September 2023 it costs $879 billion to maintain the debt, which is 14% of the total federal spending. The national debt has increased every year over the past ten years.
War Room cited what I believe is a Bloomberg article that's predicting the service on US debt will be $1 trillion in 2023.
Posted on 11/9/23 at 4:38 pm to auwaterfowler
quote:FWIW, a $1T CofC on $34T is 2.9%. As debt continues to roll over to more current rates, I'd think 2.9% could turnout to be luxuriant. Every 1% increase adds ~1/3rd of a trillion to the cost-of-carry. That will escalate.
If the $1 trillion number is correct...
Keeping in mind CofC is above and beyond current deficits. So we're running interest atop interest. But ... Climate Change! DEI! Trans Rights!
Posted on 11/9/23 at 4:39 pm to NC_Tigah
Is the Federal Reserve the bank of last resort?
The farmer is the Federal Reserve and their federal government partners, the slop is cheap money, the trough of slop represents the institutional banks and the pigs are the well connected who are the first to feed at the cheap money trough.
The farmer is the Federal Reserve and their federal government partners, the slop is cheap money, the trough of slop represents the institutional banks and the pigs are the well connected who are the first to feed at the cheap money trough.
This post was edited on 11/9/23 at 8:13 pm
Posted on 11/9/23 at 4:41 pm to wutangfinancial
quote:
That would basically collapse the global banking system
That doesn't sound like something we want to happen.
Posted on 11/9/23 at 4:41 pm to deltaland
quote:Fiscal dominance.
What happens theoretically if people just stopped buying these bonds?
Massive inflation, destruction of the dollar as reserve. A new world disorder.
Posted on 11/9/23 at 4:43 pm to Bass Tiger
quote:As long as we skirt fiscal dominance and honor the 14th Amendment
Is the Federal Reserve the bank of last resort?
Posted on 11/9/23 at 4:48 pm to LSUBanker
quote:
Investors are still not convinced on where rates are headed. Maybe they're thinking I can higher yield later if I wait it out.
I think we are in a bad time where those younger than 40 don’t understand investments, how to invest, trust FAs, know the importance of investing and thus, we will go through a long period of re-education with the downturn.
Posted on 11/9/23 at 4:52 pm to NC_Tigah
quote:
quote:What happens theoretically if people just stopped buying these bonds?Fiscal dominance.
And there are learned people on this forum who defend this Federal Reserve Fiat monetary insanity.
Posted on 11/9/23 at 4:58 pm to Bass Tiger
quote:Fiat is fine....
Fiat
.... until it isn't. Posted on 11/9/23 at 5:36 pm to Bass Tiger
quote:
Is the Federal Reserve the bank of last resort?
The Bank of International Settlements is the real lender of last resorts
Here's what rates did today. Not much but a further inversion except for the 30. The Fed can't do shite to long rates, it's hilarious people blame everything on them
Posted on 11/9/23 at 5:45 pm to NC_Tigah
quote:what concern? Interest on >30T? :goodluck.gif:
Investors expressed concern about the government's ability to manage its debt
quote::bones to kirk.gif:
about overall health of the US economy
Posted on 11/9/23 at 5:46 pm to RealityWinsOut
quote:war
What are the Treasury's possible response to this?
Posted on 11/9/23 at 5:47 pm to UncleFestersLegs
What is it good for? Absolutely nothing.
Posted on 11/9/23 at 5:50 pm to TigerDoug
quote:non-discretionary spending is already 2/3rds of the federal budget. A couple more years of this shite and all those clowns can just go home as theirs nothing left to do
As of September 2023 it costs $879 billion to maintain the debt, which is 14% of the total federal spending
Posted on 11/9/23 at 5:54 pm to LSURussian
quote:
Didn't you hear, NC, that the U.S. treasury market "collapsed" this morning because of a cyber attack on a Chinese bank?
quote:
The problem is - for this narrative - that Treasury liquidity worsened this afternoon - AFTER ICBC was back...
Posted on 11/9/23 at 6:03 pm to NC_Tigah
quote:the fall doesn't kill you. It's the sudden deceleration
Fiat is fine....
.... until it isn't.
Posted on 11/9/23 at 6:14 pm to UncleFestersLegs
quote:As an LSU fan, this Fall's been rough so far.
the fall doesn't kill you
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