Oil seems tired at $57, and ten year at 1.81%.
Note, that 15 basis point swing makes interest charge 40 billion cheaper than if it held at 1.95%. Almost enough to make a continuing resolution.
Better senators recover that do-re-me. We are not sitting around waiting for the next primary dealer deal. Better decisions made on time. A variable swap of a $100 billion prior to budgeting recovers the cost in one year. This is what VCs yearn for, a good deal.
Senator Bernie would stay home, with his institute, and work the real problem. Pareto efficient.
The trade pits interest expenses against state subsidy. The senators get a free ride by just stabilizing the programs over the budget period, easily done with cash flow account. The senators will see the new Fed and personal encryption as quick management tools. The first year will be exuberance, the opportunities for small states to pursue solutions to critical government problems.
End the end small towns buy some cosmopolitan city, enough to make a significant contribution to program management. Works fine enough, within any other view given our bounded uncertainty for government.
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