Market crashing, yields dropping. Tax relief has come and the wealthy are exiting risky assets and getting their gain cleared by the tax man. Then we have mark to market time for the California pension system, and too many cities are ayig bankrupt. The pension funds are selling risky assets, California is at the end of the jobs cycle. Then we have the regulators chasing all the assets out of crypto going to treasuries.
The essential fact here is that the Swamp is accepting all of its currency insurance obligations, promising to pay these rates forever. I don't think so.
No comments:
Post a Comment