Reading the curve, isn't the ten year at 1.75?
When the curve is flat, then Congress is losing customers, multipliers are less than one, and the federal net is being rolled back. Soon the Great Exogenous will be a puny little swamp land, selling delusions of grandeur for zero price. Hardly an economy that can support a 16 Trillion debt. What the heck are those bozos in DC land thinking? They can't even sell Social Security anymore.
When the curve is this flat, banks have no utility.
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