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Pay Up, Scott
Pay up.
That was the message from the bond market on Monday, when long-end US yields breached 5% af
It’s getting to the point that I won’t be surprised if it’s announced that the country is going to develop robot mobsters.
What? Elon hasn’t already??
The cavers didn’t just do so because they got a phone call, the bill was reworked to give them what they wanted.
Medicaid work (paperwork) requirements kicking in earlier than 2029
Killing sustainable-energy tax credits sooner
Kicking undocumented immigrants off of Medicaid
All of that is obviously in the interest of helping out the poor unemployed hillbillies and not the uber rich who donate to right wing causes.
Remember when the theory was that the Trump administration was actively trying to bring yields down to refinance our debt? The stupidity and attempts to explain it are getting more farcical every day.
As you’ve said, even when you think you’ve hit rock bottom, you can always fall farther. This administration is proving that and we are a long way from the true rock bottom.
Not “The Boss”!! — He was the first rock concert I ever went to (I have only been to less than 10).
On a more serious note- I can barely read the news lately- what is going on in our country is ridiculous. I have cash/short term Treasuries for the next 2 years- and have stopped checking my accounts on a daily basis.
“…what is going on in our country is ridiculous.”
Yes, it is. Objectively ridiculous. And this is what I’ve been trying to warn you about re: the GOP for some years now, and it’s why I have such a hard time ceding arguments to Republicans even when I think they’re right on this or that specific issue. Anyone who’d be on board with the broader GOP agenda at this point can’t be trusted. I mean, I’m sure Marjorie Taylor Greene and I have something in common. I can’t imagine what it would be, but probably something. But whatever that something MTG and I agree on is can’t possibly serve as the basis for a friendship because she’s part and parcel of a program that’s jeopardizing the country (and the world) in an existential way.
I have a few “Trump no matter what” family members.
This is a true story: one of my relatives is a hard core 85 year old Republican (not a blood relation), who has been going on and on about how terrible the US policy is on electric cars. He just bought a six figure position in Tesla.
It is very hard to be around them and keep my mouth shut- but I am channeling my mom: if you don’t have any nice to say; don’t say anything at all.
Unfortunately, my last visit will have to suffice for another 12 months. Just too hard to endure.
One last item- that same family members dropped the WSJ because he believes it to be “too liberal”. Now solely reads The “Epoch Times”.
Thank you all for letting me vent!