| ▲ | toomuchtodo 9 hours ago | |
Forgive me if I defer to the bond market and treasury auction data. The data shows a path to a potential debt spiral and crisis based on yields demanded and debt outstanding. Current annual debt servicing expense is already ~$1T/year. https://www.pgpf.org/programs-and-projects/fiscal-policy/mon... | ||
| ▲ | JumpCrisscross 9 hours ago | parent [-] | |
> Forgive me if I defer to the bond market and treasury auction data TIPS are Treasuries. The breakeven-inflation rate is calculated entirely from Treasuries. > data shows a path to a potential debt spiral and crisis based on yields demanded and debt outstanding Sure. The data also–unambiguously–show that Treasury prices are not pricing in a U.S. default or runaway inflation. | ||