... and that ain't in Timmy the Tax Cheat Treasuries.
We pointed out last month that the world's biggest bond fund manager said Treasuries are for suckers. Now we learn that he has sold every last Treasury bond from his fund. This is a truly gargantuan bet against U.S. Treasuries.
If the world's biggest bond fund manager won't touch the $1 trillion-plus in new issuance every year, to say nothing of rolling maturing debt, who's going to buy Timmy's junk when the Dirty Fed stops its QE2 monetization? That debt ain't gonna monetize itself, you know.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
Gothamist : A 58-year-old taxi driver killed himself in his Queens home this month, marking the eight suicide in the taxi industry this yea...
There are very few financial problems that can't be solved by a suitable application of asset bubbles.