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46 sats \ 12 replies \ @Cje95 9 Apr \ on: 10-year Treasury yield continues move higher after weak Treasury auction econ
With 9 trillion we have to issue in the next 6 months thats bad bad new.... that was one of the things the tariffs had done that had been good was it had stopped the climbs of yields.
I do think we are going to get a bunch of trade deals cut over the next couple of weeks though
9 trillion seems high? China has been selling since 2020
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Yellen relied heavily on short term USTs.
https://reason.com/2025/01/10/janet-yellens-short-term-thinking-could-cost-the-u-s-big/
Few buyers seriously believe they are good for more than a few years anymore.
US insolvency is imminent.
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Yes I do- do you?
Insolvency for US is imminent.
ie-
About to occur; impending.
"in imminent danger."
Threatening to occur immediately; near at hand; impending; -- said especially of misfortune or peril.
Similar: impending
Get it yet?
Good luck rolling over the short term debt bomb this year.
50 years of living beyond your means means US govt insolvency is imminent.
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Using your own definition we are in imminent danger of a pandemic, an asteroid hitting the earth possibly killing humanity, and our own sun swallowing us. Those are all impending things that will happen.
There is a way people use words and impending isn't the correct one even if it fits. Historically countries collapse when they militarily become weak and that's not an issue at all with the US as our 20-30 year old tech is still further advanced than near peer advisories. Would they do significant damage? Oh sure but at the end of it they don't have the ability to sustain a war when the frontlines wont be anywhere near US soil
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No they are not.
You are the one who does not understand the word imminent.
God help a government with such illiterate and clearly biased public service employees.
US debt servicing is now a greater expense than military.
The US government is addicted to debt and increasingly nobody wants to buy UST bonds.
Insolvency can occur very rapidly when you have reached a point where debt becomes a crippling burden due to a false belief that you can endlessly take on more debt without consequence. US exceptionalism is today delusional.
The US cannot build military or commercial shipping competitively.
The US military industrial complex is obese, corrupt and increasingly obsolete and vulnerable to asymmetric attacks. Such as China, BRICS and others not buying USTs anymore.
Such as Iran, Russia and Saudis settling oil trade outside USD/SWIFT and the end of petrodollar hegemony.
Trump at least acknowledges this.
The US cannot operate a trade or fiscal surplus.
The US empire is facing imminent insolvency.
It is alienating traditional allies and aligning with despots and war criminals.
It has started am unlawful desperate tariffs trade war that it will lose if continued, and if it backs down it will lose too.
The tariffs are a desperate attempt to stave of imminent insolvency.
At best they might work in the short term.
Long term they will be toxic.
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