Oil holding steady at near $60.
I am thinking that Treasury was stressed at 1.9% ten year, they need the seigniorage stream enhanced. We are in mid budget, the system players do not want to risk a shutdown. QE is as big as it has ever been.
If this situation holds then super wealth heads to long term assets and primary dealers surrender. Long term Congress has to keep up or the primaries cannot bridge gaps.
Back to the same problem, senior management in these large government programs, smart senators. The liquidity gaps need to be extinguished inside treasury, that means senators have to walk the production line on these government goods, find redundancy and close these loops, like real CEOs.
The senate is a republic, it is inherently socialist and the senators have to quit faking that fact. They need to sort out the socialist issues as they come up, hopefully ex ante. Otherwise the inherent socialism swamps the state system. That means we want Senator Tester from Montana walking the staff problem in the large state hospitals, where the real payoff is, the billion in savings. We want him walking that line as a senator, reporting back to the other senator walking the drug pricing problem. The founders hired them, we have to pay their state capitals hard cold cash to make the system work. Cut right down to the inherent socialist issue, and make that trade between House and Senate, as needed.
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