Post by
MaterialsMan on Oct 31, 2023 9:37am
What a relief
It was announced that the U.S government will only have to borrow about 750 billion instead of 850 billion for its next round of debt financing.
Apparently extra delayed tax revenue as a result of covid is coming in. What a consolation that is for the establishment.
This is supposed to be good for the bond market which will push down Treasury yields. That should be good for the price of gold. We'll see.