/biz/ - Business & Finance

>>15210875
About 12-18 months. Nothing will really change though.

Boomers, pensions, and banks will still buy up the actual bonds because ratings agencies will continue to stamp them AAA and rules are rules.

Congress will see interest payments on the debt drop, giving them fiscal breathing room, which they will then promptly use up and then some.

That'll give us further fiscal stimulus, full MMT, somewhat counteracting the continued dieoff/retirement of Boomers and prevent their home prices from dropping at all.

Since Europe is facing the same situation but worse, the US will continue lurching along as their senior partner.

The wildcard is China, but they've played their cards well so far, no reason they won't continue to do so. Especially now that the end of the waiting game is in sight.

>>12235067
>90%
Not exactly.

And remember that contribution inflows are much smaller than account balances, and either can be shifted out of equities and into bonds/cash very easily.