Everything is in a bubble. Debt-fueled.
Underpinned by central banks buying sovereign bonds when no one else wants them at negative real yields, except to flip them to the CBs.
and its not just CBs … Sallie Mae, Freddie Mac, Ginnie Mae, FHA and all the other agencies manipulating bond markets, fueling the housing and higher ed bubbles. Will the next new federal agency underwrite AI bonds out of national security concerns?
My fault
I kept saying it was in a bubble. Nobody wants to hear that though.
“it was in a bubble”
Everything is in a bubble. Debt-fueled.
Underpinned by central banks buying sovereign bonds when no one else wants them at negative real yields, except to flip them to the CBs.
The next Magna Carta needs to solve that.
and its not just CBs … Sallie Mae, Freddie Mac, Ginnie Mae, FHA and all the other agencies manipulating bond markets, fueling the housing and higher ed bubbles. Will the next new federal agency underwrite AI bonds out of national security concerns?