US fiscal profligacy and the impending crisis

Posted by seumasach on May 11, 2021

David P.Goldman

10th May, 2021

“Today the US Treasury market is the weak link in the financial system, supported only by the central bank’s monetization of debt. If the extreme fiscal profligacy of the Biden administration prompts private investors to exit the Treasury market, there will be no safe assets left in dollar financial markets.”

This entry was posted on May 11, 2021 at 9:44 am and is filed under Financial crisis. Tagged: dollar decline, hyperinflation, quantitative easing, rising interest rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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