I don’t think most people understand how critical this is. US treasuries losing safe haven status is the type of thing that will be taught in history books 80 years from now.
It will be like learning about Gavrilo Princip in 2025. Seemingly “meaningless” tedious historical facts, but at a closer look Princip (indirectly) shaped the course of much of human history in the 20th century.
When you have government officials saying they want to default on the “risk free” bonds it undermines markets in a completely unprecedented way.
Shockingly stupid.
That last statement accurately describes the constituents of those government officials and large swathes if the American electorate. The fact that it’s politically viable to muse about these things is so fucking idiotic . So many Americans owe their safe and prosperous lives to things of which they are completely ignorant.
US treasuries is literally what we used in university as the “risk free rate”
When you have government officials saying they want to default on the “risk free” bonds it undermines markets in a completely unprecedented way.
Shockingly stupid.
I don’t think most people understand how critical this is. US treasuries losing safe haven status is the type of thing that will be taught in history books 80 years from now.
It will be like learning about Gavrilo Princip in 2025. Seemingly “meaningless” tedious historical facts, but at a closer look Princip (indirectly) shaped the course of much of human history in the 20th century.
Last year there were rumblings about this exact thing happening and far too many people just blew it off.
Now the chickens have come home to roost and everyone is shocked. 🙄
That last statement accurately describes the constituents of those government officials and large swathes if the American electorate. The fact that it’s politically viable to muse about these things is so fucking idiotic . So many Americans owe their safe and prosperous lives to things of which they are completely ignorant.