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Reply to "What are your political predictions for 2024?"
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[quote=Anonymous]Prediction: The squeeze will be on for the US Dollar. More and more countries will stop bidding for treasuries and bonds at auctions. The 10, 15 and 30 year bonds are already being shunned and there are few bidders at auctions as countries don't believe the US has much longer stability-wise. Most buyers are purchasing 2 and 5 year bonds at most given the risk. The US will have to rollover 7 Trillion dollars in US treasury debt this year and interest rates will go higher to attract buyers. Note: word on the street is, they are having trouble attracting interest in selling $150 Billion in bonds already. How are they going to refinance $7 TRILLION?[/quote]
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