cross-posted from: https://lemmy.world/post/28103623
The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds.
Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy.
The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.
I can’t imagine why 🤷♂️
must be that laptop
But her emails!
buttery males?
Crazy how fast we lost our standing.
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I got rid of my federal government bonds a few weeks ago because I didn’t want to be lending money to Trump and his cronies. I replaced them with corporate bonds.
Will get local municipal bonds instead if my stocks go down enough that I can cash shit out in my taxable account without paying a shitload of capital gains tax.
Looks like I wasn’t the only one doing this.
I got rid of my federal government bonds a few weeks ago because I didn’t want to be lending money to Trump and his cronies.
That’s not how any of this works. The purpose of US Treasury securities is to give the wealthy a safe & profitable place to park their capital, outside of the real economy. The government doesn’t need to borrow your dollars when it has an infinite supply of them.
The feds are not representing us. No taxation without representation
Love how they use the word “freak” as if it’s some kind of unknown anomaly.
The entire world wants to see the evil empire burn to the ground.
