GigSwing @gig_swing - Twitter Profile

almost 3 years ago

The Corporate “Junk” Bond Market The Fed took QE a step further in 2020, compared with years prior, with the creation of the Primary Market Corporate Credit Facility (PMCCF) and the Secondary Market Corporate Credit Facility (SMCCF).

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Alana Mastrangelo

@ARmastrangelo

almost 3 years ago

If you’re ever feeling bad about yourself, just remember: 30+ student groups at Harvard signed a pro-Hamas statement in response to 1,000 Israelis being slaughtered, and then the Ivy League university was too cowardly to condemn them, so said nothing, until nationwide backlash mounted, at which point they released a statement in which they made no mention of their student groups, so they continued receiving backlash, at which point they released a follow-up statement trying to distance themselves from their student groups. And now the students themselves are scrambling to take back their statement upon realizing that future employers don’t want to hire terrorist sympathizers. The people who are supposed to be among our nation’s brightest aren’t actually intelligent at all.

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Jarrett Linowes

@jarrettlinowes

almost 3 years ago

October 14th marks the next annular solar #Eclipse2023: "In the U.S., the annular solar eclipse begins in Oregon at 9:13 a.m. PDT and ends in Texas at 12:03 p.m. CDT." https://t.co/zzNPaxBJY4

jarrettlinowes's tweet photo. October 14th marks the next annular solar #Eclipse2023:

"In the U.S., the annular solar eclipse begins in Oregon at 9:13 a.m. PDT and ends in Texas at 12:03 p.m. CDT."

https://t.co/zzNPaxBJY4 https://t.co/9c8zZDEzwl

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Jarrett Linowes

@jarrettlinowes

almost 3 years ago

Countries around the world are becoming net sellers of US treasury bonds for different reason. From BRICS nations shifting their trade focus to other currencies, to European and Asian currencies coming under inflationary pressures causing their central banks to act. The US has exported inflation to other countries through trade deals requiring partnered countries to hold US treasuries. This has kept the USD high while lowering costs of goods through global supply chains. At what point could the US default on debt obligations? Debt interest rates will be rising as they roll forward with current borrowing rates, drastically increasing servicing costs. In 2021, it was widely speculated that a federal funds rate of 5% or higher could cause default on some debt obligations without "printing" more money to service. This is why people jokingly call fiat currencies reliant on debt a Ponzi scheme.

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GigSwing

@gig_swing

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