November 16, 2023

Nothing Changes

Nikki Grace

US bonds revealing once again as the best of the worst and there is flight to safety. Best thing Powell at the Fed did was decouple us from the London Libor.

Everyone has taken the measure of the new Speaker and the profligate spending will continue apace. No reform of Congress.

Financial powers that be now contemplating how to change the laws and rules to make primary dealers also holders of the debt. So into every nook and cranny to keep it all afloat.

Kissing up to China to get them to keep buying. So all the pronouncements that China was done and in trouble.....not so much.....1.5 billion people with a long history and culture and homogeny are never done....

Argentina just defaulted.....a gain....

Posted by: Timothy Birdnow at 12:20 PM | No Comments | Add Comment
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