Another Ponzi Scheme exposed.
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Here is the down and dirty version of what’s happening:
Normies can’t afford anything and shitskins are sending their gibs back home.
That’s how economies get wrecked. They can try and keep interest rates as low as they want. It doesn’t solve the first or second points I laid out above.
There is no liquidity.
I won’t disagree with the liquidity factor but it is more complex than that.
Money is flowing into US bonds from all over the world due to negative yields in Europe and elsewhere. The Fed can’t fight that. If you look at global yields we are the lone decent place to put money in treasuries driving yields down across the board. Its a weird situation.
Have you seen the movie “The China Hustle”? If you haven’t I highly recommend it. The movie explains my previous post.
This just happened again this time 35 billion more! WTF?