In These New Times

A new paradigm for a post-imperial world

US fiscal profligacy and the impending crisis

Posted by seumasach on May 11, 2021

David P.Goldman

Asia Times

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.”

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