Reply to We almost (might have) lost reserve currency status

Forum Index » Political Discussion

Reply to "We almost (might have) lost reserve currency status"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I know we have a lot of tariff threads.  I’m shocked more people are not aware or are talking about why Trump reversed course.
His tax cuts!!!

When the markets tanked on Wednesday two crazy things happened, one item was particularly bad.
Normally during market crashes there is a “flight to safety” to US Treasury bonds.  That causes rates to go down because there is so much demand.

Instead rates went up, meaning no one wanted US Treasuries because the finance bros didn’t feel the US was safe!

This is something Trump talked a lot about, slowing the economy to refi debt at lower rates….. the exact opposite happened in real time.   Rates went by 1% which is massive.

That lack of flight to safety means, the US was no longer the world’s currency.

That also means rates were going to spike and the 1T tax cut would not pass.  Meaning Trumps signature legislation would not have passed.  I see all the market manipulation threads and posts, but the real story is the failed treasury auction.

That means higher rates for CC and mortgages.

I know people only look at the stock market or sensational stories…. But the real story is the US might have lost our reserve currency status and worst of all our President proved his priorities (tax cuts) and that he was weak…. We might not recover from liberation day.

This should not be a political discussion in a political thread, but it should scare everyone!

[/quote]

Yup a lot of people are just walking around with their eyes wide shut-this administration is scary. Pay attention-they are trying to distract everyone with the craziness and people are missing the big things.[/quote]

What can most of us even do about that stuff though? We don't even have representatives in Congress here in D.C.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics