Maximilien Robespierre screamed like a little bitch when it was his time to have his head chopped off. The executioner toyed with him and had the national razor get stuck a few time as it fell so Robespierre could relive the moment a few times before he lost his head.
That's why I'm keeping an eye on it. Governments are going into tremendous amounts of debt. The only reasonable way to pay it off would be to allow for inflation. Hedge funds dumped $49B of treasuries on the market in Jan. If nobody wants to buy government debt in fear of inflation then Fed would be forced to offer a higher rate. This would have a domino effect across markets. Corporate bonds would also have to offer higher rates and risk rolling over their debt. Only difference is the Fed can print money to pay off the bond whereas Corps have to actually make money.
Just a reminder that hedge funds dumped $49B in treasuries onto the market in Jan
Keep an eye on the 10 year treasury bond. Yield increasing. Federal reserve is allowing for the SLR program to expire at months end (few days). They are allowing for the market to determine a degree of inflation.
Heard somewhere that he is willing to admit to a lessor manslaughter charge and also agreed to do 10 years in prison for it despite the typical time served for the charge being 3 years or something or another. He is worried about other charges he is facing not just the first degree murder charge. Better to spend 10 years in prison than 25 to life.
Tim doesn't hold a candle to Glenn. Not even close.