The world’s central banks must take whatever paper governments issue. The result by the end of the decade will be… President Trump has said often that he had “created the greatest economy the world has ever seen, until the China virus came.” Maybe some people believe...
In a bit of holiday news no one will care about, the Treasury announced it would return to selling twenty-year treasury bonds to aid in funding the nation’s trillion-dollar deficit. It was 1986 when the Treasury last issued twenty-year paper. Of course the...