Originally Posted by Skinny
It's going to be impossible to finance the price of diesel and oil down at the same time. We're in a tough spot. The Fed cant raise rates and they are reaching the point where they cant do anything except to cut rates and that will cause faster inflation.

The cost of servicing US debt is the highest in decades:

On Thursday, the US government sold $25 billion of 30Y Treasury bonds at a 5.216% yield, the highest auction yield since 2001.

This follows a $42 billion auction of 10Y Treasury notes on Wednesday that resulted in a 4.683% yield, the highest since 2007.

Previously, on July 9th, the government sold 30Y Treasury bonds at a 5.058% yield, the highest since 2007, highlighting the worsening trend in US debt financing costs.

By comparison, yields on the same-maturity Treasury auctions were below 2.00% during the 2020 pandemic.

This comes as investors are demanding more compensation to finance the US government's ever-growing deficit.

In July, the US Treasury’s budget deficit surged +$141 billion YoY, to $432 billion, the largest July total in history.

The US debt crisis is entering uncharted territory. https://x.com/KobeissiLetter/status/2089128940908519580

Keep on Skinny. Say what you want to but we are a WHOLE LOT better off than if Kamala won. Trump (Republicans) are not perfect but I hate to imagine where this country would be with Dems in charge.

A man is not old until regrets take the place of dreams

He alone is educated who has learned the lessons of open-mindedness