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Mark Wauck's avatar

Admin: We'll be busy the next two mornings. My wife will have cataract surgery tomorrow and Tuesday is the follow up appointment. Could be slow posting.

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TomA's avatar

Never forget that Janet Yellen left Trump a ticking time-bomb of $9 trillion in short term debt that must be rolled over in 2025. Those new bonds must sold to buyers or the Fed must print more fiat monetary units. The former will demand higher interest rates and the latter will push up inflation significantly. Either way, this is a non-trivial problem that only accelerates in the coming years if not nipped in the bud. Trump must thread this needle or be saddled with a huge financial crisis in 2026; just in time for the mid-term elections. Neither kicking-the-can nor muddle-through are not going to work much longer, and hence desperate times call for desperate measures.

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