I agree with so much of what Stockman says but so far he has been wrong. In the end he will be correct but it might be a generation or two away. What we need is the when not the why.
Or, if foreign and domestic purchasers step back, the FED is forced to monetize more of the Treasury issuance and being a ready buyer at lower issued yields?
I agree with so much of what Stockman says but so far he has been wrong. In the end he will be correct but it might be a generation or two away. What we need is the when not the why.
OK, Debbie Downer.
Or, if foreign and domestic purchasers step back, the FED is forced to monetize more of the Treasury issuance and being a ready buyer at lower issued yields?