/biz/ - Business & Finance

No way. I'm more interested in the 10yr anyways and the 10yr can't even crack 3. I think it's all cope and expect a 100bps rate hike soon but this will be the last major rate hike so I will resume buying in August

>>50399854
Nothing ever happens

wtf does this mean?

>>50399931
stonks are dead

>>50399923
>last major rate hike now
CPI for July will be >10% and more so in August.
They’ll be monthly 200 bp rate hikes for a year

>>50399962
It's going to be lower in July literally just look at the change in gas prices, inflation peaked.
https://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_w.htm

>>50400020
inflation peaking doesnt mean anything at all. if inflation stays at ~8% despite rate hikes, theres a fucking problem and economy will crash

>>50400077
>if inflation stays at ~8% despite rate hikes, theres a fucking problem and economy will crash
I don't see how that's a problem, that means it's stable and 8% is the new 2%, the fed will pivot by December regardless.

>>50400020
Russia is marching on in Ukraine and the North Stream 1 pipeline is about to be shutdown forever.

Gas is going apocalyptic levels.

>>50400129
>The bobo thesis revolves around horrible low % events happening
uh.... ok bobo whatever you say

>>50400150
Make that 100%

>>50400093
the fed has made it very clear the goal is to bring inflation back to reasonable levels i.e <4%. 8% is unsustainable with current credit card debt and the consumer has a deadline on all this.

any type of new normal is just hopium. There wont be a pivot unless inflation goes<4%. what you see in sri lanka is what you will get if this isnt fixed and jpow knows that

>>50400192
Yes. That means stocks and real estate go lower in the near to mid term. Jerome will not pivot.

>>50400192
The bond market disagrees with you though, 3.8% is the peak rate priced in for December with large rate cuts in 2023. I'm not going to go against the bond market as they are usually correct.

>>50400192
Nah, they will just bring inflation down to about 5% and call it a day.

>>50399962
Maybe but the fed is bluffing. They will bankrupt the us government if they do that

no way

>>50400192
They'll just lie in their next CPI when they change the weighting of items. You are a pleb and the fed knows it. You gonna call bullshit on the fed when they are backed by congress, MSM and 99% of the population?


Grow the fuck up.

>>50400192
>>50400201
yeah we've definitely reached peak pivotfaggotry in mainstream media and among twitter macro geniuses. Every fucking contrarian shitslapper thinking they know the fed's super sekret master plan to do the opposite of what they're signaling. All these levered longers are going to get steamrolled by jpow.

>jerome: I am going to hike until inflation is under control
>autists: no way! he's bluffing!
>jeroke: <hikes until inflation is under control>
autists: <get liquidated> NOOOOOOO HOW COULD ANYONE HAVE SEEN THIS COMING

>>50400077
>>50400129
>>50400182
>>50400192
>>50400201
>He still thinks raising rates is for fighting inflation
This is why bobos will be always poorer than mumus. You faggots haven't even got a clue on what the fuck is happening. FED never gave two single fucks about inflation. If they did, they would have started raising two years ago.

>>50400357
Hey retard
Why isn't the FED QTing? Why is Powell still printing money?

>>50400207
>The bond market disagrees with you though, 3.8% is the peak rate priced in for December with large rate cuts in 2023
that just means people who trade bonds are fucking retards with the same congenital contrarianism as everyone else. The bond market isn't any more omniscient than the rest of the market.

>>50399962
Real inflation literally peaked in may

>>50400357
>he disagrees with the bond market
You're going to get heemed, bobo.

>>50400395
>people who trade bonds are fucking retards
Literally the most forward thinking and advanced market, the most jewish, consistently the best at predicting and pricing things in.

>>50400207
>he thinks bond traders are perfect traders
NGMI

>>50400077 checked

>>50400787
Not perfect, but the best traders overall, and usually pricing things in the most accurately.

>>50400370
>QT during covid economy shut down

ur a fucking idiot

>>50400207
How do you determine this?

>>50400357
I mean, what about
>>50400300
If rates go up, how tf will we service the national debt? when maturities come due we pat for it with debt at whatever the going rate is. Great plan when rates trend dow, but unavoidable bankruptcy when it's going up.

>>50400370
>>He still thinks raising rates is for fighting inflation
What else could it be for?

>>50400129
>North Stream
>confusing natural gas with gasoline
retard

>>50401640
>qt=raising rates
Holy shit go back
>>50401733
Protecting the dollar. That’s it. FED doesn’t give a shit about you

>>50402022
you expand balance sheet and QE when rates are near 0, you QT and reduce balance sheet when rates are increasing. they go hand in hand. thats why the fed didnt raise rates during an economy shutdown.

>>50401733
>How do you determine this?
https://www.atlantafed.org/cenfis/market-probability-tracker

>>50399854
Are you retarded? It already peaked. Priced in nigger.

>>50399854
they can't hike rates anymore because US debt to GDT is crazy bad.

Feds want inflation because it devalues their debt. As long as the populus doesn't revolt, a stable negative real yield of 4% would be perfect in their book

>>50404051
>devalues debt
>along with country currency and buying power
you're retarded

>>50400787
this
and also the bond market has a lot of signal noise due to central bank activities
so more right than the equity market but they still have a long way to go

>>50399854
So what's the tldr were gonna end up making it and then hyperinflation when the fed has to print to infinity to keep bond rates down?

>>50404653
Printing increases the yield of the bonds dumb dumb

Why would anyone lend money to the government with a lower yield on the loan if inflation is increasing?

You’d want a higher yield to cover the inflation loss

>>50404531
Stupid American
Everyone is in on the fiat scheme, it is all devaluing to zero
Unless someone where to reintroduce a gold standard

>>50404877
wants != gets

>>50402022
>FED doesn’t give a shit about you
Well obviously. But how is protecting the dollar different from controlling inflation? They are one in the same, no?

Or do you just mean keeping the dollar relatively stronger than other currencies while not necessarily restoring it's ratio to goods and services (purchasing power)?

>>50399854
The euro must die.
The germans need to suffer.

>>50404877
Printing decreases the yield on bonds. The Fed 'prints' by buying treasury bonds in the market. This adds dollars to the economy and increases the Fed's balance sheet. When the Fed buys bonds, the price goes up due to buying pressure, just like stocks and crypto do when there's lots of demand. Because the face value of the treasury bonds is constant, the yield falls.

yield = (face value - price)/price

>>50399923
>I'm more interested in the 10yr anyways
why?

>>50400207
>priced in
Go back

>>50402022
>Protecting the dollar
what do you mean? Inflation is caused by war, what is the point of raising ates like retards?

>>50405859
>Inflation is caused by war
8.5/10 bait

Thanks for trying to keep the thread alive even if you would have derailed it

>>50405977
war and supply chain

>>50405509
>Or do you just mean keeping the dollar relatively stronger than other currencies while not necessarily restoring it's ratio to goods and services (purchasing power)?
Spot on. Inflation is here to stay
>Inflation is caused by war, what is the point of raising ates like retards?
No inflation hit before that. War just made it worse.

>>50399854
Zoom out

>>50405761
2yr is a meme, 10yr is a historically better measure on the economy when it comes to forecasting bad shit. 2yr jumps around a lot

>>50399923
This. I was hoping for double digits or at least 8% on the 10 or 30 yr but not looking like it now. Now looks like it's going to just hover around 3% until fed lowers rates next time. I can't believe somehow that markets can actually level out normally. They've been incapable of moderation since the 70s, not sure how they can normalize rates and just have a smooth market.

>>50400207
>3.8% is the peak rate priced in for December with large rate cuts in 2023. I'm not going to go against the bond
There are no rate cuts priced in anywhere as they're not happening. The bond market is simply saying rates won't reach 3% before fed is done. The fed said they're targeting 3% so bond traders are trading as if that's where it ends. If rates are 3% and there is still inflation then by 2023 eoy bond traders will have likely priced in 4%. They're just trading what they see as the final rate price at the end here because thats what fed said is likely the end. The argument becomes, is it the end of inflation by time we reach 3%. We will see.

>>50406493
>No inflation hit before that
it hit because of covid broken supply chain

>>50406581
>10yr is a historically better measure on the economy when it comes to forecasting bad shit
how should it be the 10 yrs curve to be "safe"?

>>50406493
>Spot on.
Isn't that risky though, like inflation could impact its price against other currencies? Or does the fed just watch monetary policy of other CBs and use that as a guide on how to stay 'ahead'?

>>50400685
>the most forward thinking and advanced market
why?

>>50407373
because you have to take into account everything. The only alternative is gold, but gold is considered by mainstream consensus (now) to have opportunity cost if US bonds pay well.
They don't pay well at the moment, but since they are likely to print money and buy the bonds themselves, they kill the yields and people are holding higher priced bonds in a guaranteed liquid market.
I know it's retarded that right now they are holding a 3% variable with 9% inflation but they anticipate perhaps that the dollar denominated debt outside USA will create deflationary pressure. Either way selling above 3% right now is politically risky for many holders, and for others difficult to rationalize since there is also an expectation that the fed will cut rates etc...
Very complex market.

>>50407442
Im sitting on lots of metals and cash. Should I realllocate? My time horizon is long and risk tolerance moderate to high

>>50407442
>politically risky as a factor
Yea were heading for a depression

>>50399854
It will pull back first but yeah global economic collapse is imminent

>>50407496
i have a professional opinion, and a personal one. Personally I think the Fed is going to have to purchase the bond market in its entirety to avoid a situation where we have some kind of expropriation outright. That's essentially the hyperinflation driver.
>>50407475
Metals are money, so they don't move. History tells us that the prices in metals based economies can move for no reason other than perception and stock of metals, which means it varies. Right now you could say they are historically undervalued, with the idea being that if you can't use credit (our faith money lol) then you need some other medium. Logical stuff

realistically guys we have nuclear weapons all over the place and the #1 US export is the one that isn't included in GDP i don't really think we see that changing in a big way but I do see the out of continent economy slowing or stopping for the sake of this tributary thing that lets us play this game at home. best years are probably ahead for USA, believe it or not, but many things taken for granted are likely to go.
We were supposed to keep the republic, not abuse the minority using economic tools that in principle are unconstitutional (debasement of currency).
We really do this over and over again to each other, there are rules for reason in regards to money

>>50407579
clarify: gold and silver are less and more valuable depending on where you are in history, so they do move, but I meant that unlike seashells or tobacco they typically don't collapse. There's a floor but an almost infinite ceiling to them.

>>50407579
>best years are probably ahead for USA
what the fuck is this delusion holy shit

>>50407625
Probably going to turn to authoritarianism and there is going to be tremendous populist uprising because lots of people 'want to restore' greatness etc

75 in July
50 in September
25 in each of the last two meetings

>>50407651
never going to happen unless there is going to be a civil war and that's the opposite of "best years ahead"

>>50405509
>Well obviously. But how is protecting the dollar different from controlling inflation? They are one in the same, no?

Not necessarily. What you're supposed to do to kill inflation is raise rates and cut government spending. Since no one is cutting government spending, you end up with investments crashing in price because no one can afford to take out loans to buy/invest in the inflated assets, and essentials mooning because government keeps spending into the economy with welfare and stimmy checks. Eventually, the rates get high enough that it doesn't make much sense to invest in anything but t-bills which causes everyone to swap all their other assets for t-bills, crashing the price of those assets even further; this should start to happen at around 3.5-4%

>>50408007
and then with assets at 1/4 of the price it's suddenly possible to start a business or buy a home without handing all your wages over to some rentier

>>50400357
>>50400192
>>50400077
>>50399962
>>50399923
>>50400357
>>50400395
>>50400787


COPE MORE. Fed just leaked no 100 hike next meeting. They are DONE hiking. Maximum tightening is priced in.

>>50408050
> fed are hiking 75bps
> they are done hiking
how stupid would you have to be to type this?

>>50408074

>wat r fed funds futures

You’re dumb as fuck, holy shit LOL. It’s all priced in dumbo

>>50408188
the bond market is not clairvoyant, they didn't "price in" the last 6 months perfectly.
both bond markets and central banks have had to push out their predictions as inflation continues longer than thought.
what was the probability of 75bps back to back hikes in 2021?

>>50408229
The bond market literally suffered one of the largest first-half declines in bond prices ever and people still treat bond market participants as geniuses who price everything in.

>>50408229

When fed funds went from pricing in 0 hikes till 2024 to 10 hikes in 2023, sure that’s a point. That situation isn’t what we have now. ISMs, PMIs, earnings, and claims ticking up are only going to deteriorate further from here. If you want to bet the fed will go from a 25 hike to a 100 hike in the fall because inflation is still “hot” at 7.1%, while the ISM is 41, unemployment ticked up 1%, and consumer sentiment hits an ATL, you can place that bet, but the 10 year is telling you you’re going to get heemed.

At the end of the day all bulls right now are basically just playing chicken with the Fed.

>>50401733

the debt is not an actual problem, we are not at insolvency levels yet and besides most the debt is fixed rate with an average maturity of 6yrs

it just means we can't create more debt which means spending has to be cut

>>50408279

The bond market priced perfection. Bonds haven’t had to deal with real inflation in over 40 years, so many who never knew the role inflation played in yield pricing got torn up. The bond market priced in max inflation/hikes last month. The last CPI print was the peak (based on current data). The bond market is now pricing in economic slowdown.

Also I find it really ridiculous people think inflation is going to “surge” back. As if commodities are going to rally 50% when the economies in the world are literally all contracting and the dollar wrecking ball is out with a vengeance. Inflation HAS peaked, and I have money on that bet

>>50408309

> You’re dumb as fuck, holy shit
>> bond market isn't clairvoyant
> When fed funds went from pricing in 0 hikes till 2024 to 10 hikes in 2023, sure that’s a point.
> the 10 year is telling you you’re going to get heemed.

Full of shit. The decision to raise rates is a geopolitical play, they will do it until objectives are achieved which includes USD allies begging for swap lines and crushing labour negotiating power domestically

>>50408050
>They are DONE hiking.
Even if you're right, they're not going to lower rates until everyone is begging for treasuries. No one is going to do that if they just pivot at the first sign of trouble again.
You will sell your bitcoin. You will sell your rental property. You will sell stonks. You will buy the 10-year, and you'll be happy.

>>50399854
Another google search revealed that the "average interest rate on the national debt was 1.5%" this was from Congress budget office in January.

The US national debt is increasing, meaning that overall noting is being paid off. As the debt is being rolled over, it is being rolled over into the higher interest rate. If all US where to be rolled over today, it would mean that 30% of the US budget would go to paying off the interest rate.
If the rate increase to 6% (which is not unreasonable considering that the general consensus on monetary policy and inflation is that the interest rate should be above the inflation rate, which currently sits at +9% annualized) it would mean 60% of the US budget would go to paying off the interest on the outstanding loans - once completely rolled over. If my math serves me right 10% interest rate (aka double digits) would equate to 100% of the US budget going to paying off interest on the oustanding debt.

A third google search revealed that the average maturity on the national debt is 65 months, so it would take some time for all the debt to roll over - obvious 5 years from now the debt is gonna be a lot higher as the US government is actively borrowing money every year, and not paying off existing debt.

In short the interest rate HAS to come down, the FED is never gonna tank the federal government.

>>50408050
>THE FED LEAKED
Holy fuck. Tell me you are just an average shitcoin peddler without telling me. Go talk about this on Twitter you're not grown up enough for this conversation.

>>50406727
Well yield curve inversions are one factor but when the 10yr is rising rapidly it means that investors expect rates to remain high in the long term. The fact that its stuck at 3 percent still is really interesting because it implies they don't expect the fed to really commit to fighting inflation in the long term. If that shit hits 4% then it's fucking over. That's the number I've heard anyways

>>50408952
I think Powell is going to call the markets bluff and give us a full percentage raise but this is the last full percent raise. We may get a few 50bps raises before the end of the year but he's looking for a sign that inflation is slowing down. And I think that we are gonna see it slow down no later than September. From an investment standpoint, I think this could be the capitulation event we are all looking for. If Powell doesn't hike rates by 100bps then I'm going to be extremely cautious investing still. I find it hard to believe we are going to escape inflation without murdering asset prices. Probably sets the stage for an even greater asset bubble if they believe they can just use cheap debt to continue to buy votes. If you don't make it by then, you will be objectively eating bugs

>>50405714
The fact that a lot of people on here are trying to give us advice and dont understand the basics of the bond market is classic biz

>>50409174
Let's be real most people in finance don't understand the bond market either. It's so much more complicated than the equity market. Never trust anyone who isn't a professional treasury person to talk about this shit. I wish I knew more about it but it's fucking hard

>>50400192
new paradigm bro, stonks only go up. what do you mean we just dumped for 8 straight months? i can't remember anything beyond the last 2 weeks

>>50409163
do you live in the same world as I do?
how is situation going to improve after hiking rates by 4% when World economy is fucked and real inflation is something like 11%?

>>50409755
The more leveraged the economy, the greater the whiplash movements from small adjustments at a source.

>>50409860
No, inflation won't slow down but Feds will start printing again because they have no other choice.

>>50406719
Nigga even Jpow disagrees with you

>>50408952
>the FED is never gonna tank the federal government.

The government has already defaulted on it's debts twice in the last 100 years, and it's due for a third. Each time they just changed the rules and kept the party going. The fed doesn't have to do anything to cause a default, and honestly i think at this point the government WANTS a default to have another crisis to solve. Maybe i'm just doomposting though.

>>50409977
>The government has already defaulted on it's debts twice in the last 100 years
The US government hasn't defaulted ever dude.
>>50408952
They can't probably introduce a 50 yr bond that covers all the covid stuff. Or at some point people utter the dirty word of austerity by cutting stuff. Or raise taxes.

>>50409100
>If that shit hits 4% then it's fucking over.
So at 3% they aren't committed to fighting inflation, but at 4% they are and the whole market tanks? Seems like a lot of action for 1%

>>50409755
Because the goal isn't deflation. It's stopping inflation. That's it. There will be no deflation other than if we stop this Russia fiasco and then we might see cpi lower but that's it.

>>50409174
>>50409191
Yeah, I love these threads because sometimes I get an actionable tidbit to improve my understanding of the bond market, but it's still such a mystery overall (and I have a fuckin' finance degree). But I do understand how bond pricing works and the very basics of Fed operations (though I get lost at the discount window and MBSs).

When they say they're raising rates by X bps, am I to assume they're targeting the 2 year and talking about their Open Market Operations purchase/sales levels? Or are they changing the fed funds rate and all the longer maturities (everything since fed funds is overnight) just rises as a consequence? How does fed funds 'connect' to the 2 and 10 year?

>>50409977
>defaulted on it's debts twice in the last 100 years
Please elaborate. What were the default dates and which maturity bonds did they default on? What rules did they change? Who were the creditors and how did they react?

>>50410261
Yeah 10 years of QE and accommodative fed policy will do that. Keep in mind that the bond market isn't what causes the crash it's just a thermometer. I've heard that once it starts reaching 4% consistently the States are fucked but that also means the global economy is even more fucked. I'm not sold on END OF THE DOLLAR narrative as pmg and setf faggots day but it is really bad news for the dollar I think if that plays out. But there is a VERY real possibility that its all a nothing burger. We get our market capitulation event. Inflation tapers. Back to our regularly scheduled scam economy. I think the latter is increasingly more likely.

>>50410344
Nah bond market can and does trade independent of the fed fund rate. The reason the 10yr is back down to 3 is because nobody believes the fed is going to keep hiking rates is why I see it. I disagree but only because I think we have one more great fakeout before the bottom is in. Nobody has capitulated. There is no scenario I believe where they don't hike rates one more time. This will probably DESTROY other countries in the EU who are already having a hard time but it will probably yield to a better recovery over here.

If anything, I'd be more worried about them pivoting right now because the Piper has to get paid eventually.

>>50408730
>You will sell your bitcoin
those on this board that either held down or recently bought back in will literally die in a cardboard box under a bridge before selling, but thanks for playing bobo, keeping waiting for 10k and even if you see 10k you still wont buy in but wait for 5k
we have seen this story play out so many times

>>50410396
>>50410396
>it starts reaching 4%... economy fucked... END OF THE DOLLAR narrative
I get how reaching 4% would crash asset markets (well, not 4% in particular, but higher rates causing pain, etc) but isn't the PMG end of the dollar narrative more predicated on the opposite direction movement? Like they keep rates low and we get a weimar situation? I thought high rates make the dollar stronger.

Or is it more like Lose/lose because high rates cause 1939 2: millenial boogaloo and if there's no economy who needs dollars?

>This will probably DESTROY other countries in the EU who are already having a hard time
Why, they got USD denominated debt or something?

Any reading you recommend on the bond market or monthly reports/releases/numbers you regularly watch? Like I said I've got a degree but desu they only gave us enough about the yield curve and treasuries to understand valuing other assets.

>>50410134
>>50410387
Without turning this into a /pol/ thread:

>1933: so we're just not gonna pay out those war bonds in gold....but it's not a default, ok?
>1971: so we're just not gonna allow you to swap your federal reserve notes for gold temporarily.....but it's not a default, ok?

>>50410562
At some fed fund rate, the debt the US has becomes too expensive to service and the US defaults. That doesn't mean the 10yr hitting 4% is where everything falls apart but it hasn't been that high for a while and for it to close that high I think will mean that investors will start running for the exit. Remember, the market is just one big casino where you are betting on data + sentiment. It's just not random chance like the average retard thinks when they call it a casino. The 10yr hasn't been at 4% since fucking 2008. So that's why I think people think us getting that high on that means they believe that accommodative fed policy is over. Which will lead to an economic crash as everyone scrambles for the exit. Nobody wants to be the last one out. As far as gold goes, people will sell EVERYTHING in a market crash. I've tried to explain this to those fucking retards but they live in their own world. When people see turmoil, they just sell everything so that they can eat. That's not bad or good for gold it basically depends on where we come out after everything dumps. Real yields is a term that affects metals more but I'm not smart enough to tell you how, but I don't think gold is reflecting the fundamentals yet. Dollar gets stronger in a hawkish fed environment but at the expensive if all other asset prices.

And yes almost all trade and debt in the international market is denominated in dollars. That's why Russia not accepting USD is a big deal and probably why the ruble is doing okay. So countries need to debase their currency to service their debt to the US or otherwise. Dollar milkshake theory, look it up.

I like macrovoices, I read >twitter sometimes and follow some guys but I'm definitely not anywhere close to an expert here. Euro dollar university is okay except Jeff is a fucking contrarian. It's just that he's a well informed contrarian

>>50410783
But the US can also service it's debt by jacking up taxes across the board and using it to pay their debt. Honestly that's what SHOULD be happening but Democrats are too busy funding programs for minorities and Republicans would rather cut taxes for billionaires who profit off it the most. Both sides are literally and unironically too clueless to care

>>50410846
The taxes are too high, and further taxation will result in a smaller economy, in real terms, which will decrease taxation.

>>50408050
>Secret Twitter screenshot source
Thanks retard keep us posted

>>50410396
>disagree but only because I think we have one more great fakeout before the bottom is in. Nobody has capitulated.
I do believe this too. Bonds are trying to say that's all it takes. Fed is play along until inflation is still 8% by next year then Mr volcker enters again.
>>50410715
1971 isn't a default. That's just refusing to swap notes for gold. The war bonds aren't treasuries. They're closer to single use bonds so again it's not a default on treasuries. Treasuries are what constitute a default.
>>50410888
Us taxes are quite low actually. Comparable to other oecd nations. Raise taxes and debt is easily more manageable.

>>50411546
>Comparable to other oecd nations
Because Europoors do it doesnt mean it is good

>>50410783
>>50410846
Neat, thanks for all this! Aligns decent with what I know. Have you ever read this:

Alan greenspan on the gold standard:

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sedgwickcounty.org/media/29091/gold-and-economic-freedom.pdf&ved=2ahUKEwjJ9qOM3oD5AhVZhIkEHYkZCN0QFnoECAsQBg&usg=AOvVaw1ik028uyUvhDiAO--p_FqY

When did he flip and decide fucking with rates was a good thing? Or was he just like "hey if you can't beat them, join them"

>>50411584
Yeah but the US can raise taxes and not suffer. Look at how powell simply raising rates is killing off other currencies. The US is a lot stronger than other nations.

>>50400208
What makes you think they have control over it? Volcker had to jack up the prime rate to 20% to control this level of inflation. This sickly economy couldn't stand that.

>>50409755
They don't care about inflation, they care about keeping the interest rate somewhat lower than inflation.
If the inflation rate is 3% but interest is 2%, they're eating into the Government debt at 1% per year.

>>50408358
Actually commodities will go up 120% next year

>>50400129
True, not to mention EU is going to completely stop buying gas from Russia at the end of the year. it's a hard deadline and there's no way it won't cause a huge price shock and there's nothing that would ease the prices other than the US or Canada opening up shitloads of oil wells, which Sleepy Joe and Mr Blackface won't allow at the levels needed. The Arabs are about to get absolutely filthy fuckin rich which of course means we're likely to see a rise in terrorism funding. That may destabilized the western world in the future as much as this economic shit is

>>50412802
they'll fold on that or face guillotines
not even the eu is that stupid

>>50410783
>Euro dollar university is okay except Jeff is a fucking contrarian. It's just that he's a well informed contrarian
And he's never once mentioned the US defaulting at higher rates.