FED WATCH: “.. Markets have rejected Trump’s policy with a violent unwind. .. High-yield retailer issuers are trading at distressed prices of ~40 to 50 cents on the dollar. .. spreads have blown out faster than in 2015-16 ..” $HYG
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The U.S. debt is $36T+ & has been accumulating for 249 yrs. Why wld it be feasible to wipe out 1/36 of the debt (DOGE goal of $1T) in one yr.? Have economists/mathematicians spoken to this?
And won't an economic recession cause the nat'l debt to increase? 🤔
We are about to find out how much "private" credit is actually linked back into the "public" markets. In January 2007 99% of people didn't know what a securitization was either.
While people in this administration wave off the pain of Americans during this market disaster, out of those millions of Americans there are MANY who needed to sell stock for financial reasons and now have to suffer an unintentional unexpected devastating hit if they sell. On whims.
The ability to destroy people's life savings on personal whims, drop a policy here and a policy there as one nonchalantly breezes across the golf course cheating other players, observers who dare not point it out, but only worrying how much lower one must go on the side to achieve comb-over.
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And won't an economic recession cause the nat'l debt to increase? 🤔
How sick they are!!
BIG DUMB.