The Economist on key structural changes to the US Treasury market. It concludes that:
"The risk is not so much, or not chiefly, that America might default on its debt. Rather,...the fear is that the Treasury market might gradually forfeit its status as the guiding light of global finance. That would make it more expensive for America’s government to borrow. And since there is no good alternative to Treasuries, it would make the entire global financial system wobblier and riskier."
#economy #markets
Blackstone is looking to sell more than $2 billion of its stakes in private investment funds by bundling the exposure into bonds for investors, the Financial Times reported https://t.co/4EKhm9oWij
@4TaxFairness What’s the tax revenue for each city, county, municipality, district, state, national, etc.?
How is it spent?
How are budgets constructed?
With such a mountain of debt, there are no new buyers or intermediaries, not even banks, who can reasonably keep up with the Treasury market https://t.co/0ocLJ4Y39R