Wednesday, June 7, 2017

Dems go with Ned

Hoyer: Dems will back clean debt-limit hike

Nancy chickened out.

Ned, the Secretary of Interest Payments wanted a clean debt hike.  If you look at the curve, it uplifted today, yields rising a bit across the curve.  That is Ned running out of places to stuff debt.  Ned wants to move the term structure out to the long term, take out a mortgage to cover the credit card.

They are better  off sequestering for a few months longer until the senators figure something out.  Otherwise, the deficit will skyrocket, suddenly, and home mortgages shoot up, housing crashes.

No comments: