It'll issue higher rate debt to buy lower rate debt starting soon.... brilliant. They're doing it to improve 'liquidity', though there's plenty of cash in the markets... It's a backdoor QE, while the Fed's trying to tighten... Schizophrenic much?
Soooo, how do you increase gov't interest costs and inflation at the same time? Inflation will go higher and rates will also.... probably a dip then increase as the program reaches full stride..
We ain't done yet...
Soooo, how do you increase gov't interest costs and inflation at the same time? Inflation will go higher and rates will also.... probably a dip then increase as the program reaches full stride..
We ain't done yet...
