RE: RE: US Debt Ceiling Suspended Suspended ceilings, extraordinary measures, $17t debt, $300b more in the last 4 months, no major spending cuts, the Fed owning ~45% of all bonds in the 5-30y curve & S&P seemingly terrified to rate US debt. All delay tactics and manipulation.
"Until then, the Treasury will borrow money to mend any gaps between government spending and revenues, adding to the already $16.7 trillion debt."
Good luck to Lew, Obama and Bernanke.
I am offering to chip in. I will buy some US 5y Treasuries in exchange for a 25% coupon...
Utterly amazing that this economic circus is still going on.
p.s. If anybody reading this is a US Treasury holder, please reply to this post and explain to me why you are not dumping it to the Fed while you still can. I don't understand, I want to understand, I have to understand.