Quote:
Originally Posted by
Tellafriend
i'm just stuck at trying to decide if stable coins will become a real thing (which is quite possible) and then if so, will their forced buying of short term treasuries cause any further delays to our fiscal demise. and if only buying short term, then how could it as most of it will need longer durations. so far my conclusion remains the printer goes brrrrrrr until it breaks.
The stable coin thing is just a construct to increase the treasury market. More “need” for treasuries. Crypto gamblers and your mother’s 401k can wheel and deal without using vile US fiat.
Borrowing is above trend from previous years. Worse than ever. brrrr
You are seeing the board clearly Tella. Fuck, you introduced me to the board years ago.
I went to an open house with a female relative. House was a modest ranch that was renovated for a flip by an investor. Asking $650k and closed 2 days later $100k over asking. I can’t shake that recent experience. Assets are going nuts. Brrrr