Friday, December 4, 2020

I have a theory on 2015, the positive oil shock

 Something happened in oil that boosted supply and price dropped by 60%. We in the USA were most benefited and the dollar jumped up. That made imports look cheap and exporters held more of our debt. And that crowded out treasury and led to the one year rising. 

I could be wrong, but everything seemed peachy then why didn't Treasury shift its debt and get off the one year rate, or cut spending to avoid excess interest charges?

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