November 26, 2024
Yellen Loots America
Timothy Birdnow
Janet Yellen went to smellin
and it all went t hell in Washington!
Janet Yellen
departs from office — as she leaves a trail of
mess behind her
Yes, the economic genius didn't bother to finance the huge U.S. debt with long term low-interest rates but kept to short term high rates.
From the article:
So Hollerin' er, Yellen may well have done this
purposely just to screw over Middle America and that SOB Donald J. Trump.
And all these chickens will come home to roost in such a way that Trump and his policies will be blamed.
I would call these people sore losers but that's an insult to sore losers everywhere.
Janet Yellen went to smellin
and it all went t hell in Washington!
Janet Yellen
departs from office — as she leaves a trail of
mess behind her
Yes, the economic genius didn't bother to finance the huge U.S. debt with long term low-interest rates but kept to short term high rates.
From the article:
Specifically, my sources who follow the bond market say Yellen has been setting a trap for the
incoming Trump administration through the way she
financed the massive $1.8 trillion federal budget deficit that exploded during the Biden years with
the accumulation of $36 trillion in debt.
Yellen has been moving away from long-term debt to finance the shortfalls to shorter-dated
securities, essentially rolling over deficits
with more and more Treasury bills instead of the normal way of debt issuance through 10- and 30-year debt.
That’s according to an analysis by Robbert van Batenburg of the influential Bear Traps Report, who estimates that around 30% of all debt is the short-term variety — aka 2-year and shorter notes
— compared to 15% in 2023.
Didn’t lock in low rates
In an era of low interest rates, Yellen & Co. could have locked in relatively cheap interest payments for years by issuing more 10- and 30-year debt.
So why go there? Politics, according to Yellen’s Wall Street critics.
incoming Trump administration through the way she
financed the massive $1.8 trillion federal budget deficit that exploded during the Biden years with
the accumulation of $36 trillion in debt.
Yellen has been moving away from long-term debt to finance the shortfalls to shorter-dated
securities, essentially rolling over deficits
with more and more Treasury bills instead of the normal way of debt issuance through 10- and 30-year debt.
That’s according to an analysis by Robbert van Batenburg of the influential Bear Traps Report, who estimates that around 30% of all debt is the short-term variety — aka 2-year and shorter notes
— compared to 15% in 2023.
Didn’t lock in low rates
In an era of low interest rates, Yellen & Co. could have locked in relatively cheap interest payments for years by issuing more 10- and 30-year debt.
So why go there? Politics, according to Yellen’s Wall Street critics.
So Hollerin' er, Yellen may well have done this
purposely just to screw over Middle America and that SOB Donald J. Trump.
And all these chickens will come home to roost in such a way that Trump and his policies will be blamed.
I would call these people sore losers but that's an insult to sore losers everywhere.
Posted by: Timothy Birdnow at
07:21 AM
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