Demand for U.S. Treasury Notes by foreign banks at a historic low
While our current adminstration has been telling the lie that our economy is just fine, the reality is unfortunatey otherwise.
It is impossible to predict the economy: it is just too chaotic. Still, we can use common sense to figure out what "ought to happen" (*). Low demand for U.S. Treasury Notes is very troubling indeed.
(*) If you can handle reality and not political "feel good" bullshit, I recommend the book Financial Reckoning Day. Hopefully the authors will not mind my summarizing some of their excellent advice:
- Prepare for the future by reducing or eliminating your consumer debt
- Once you do the first step, try to relax and watch the "show" (e.g., enjoy some Java programming and don't worry about the economy because you have done what you can to protect the future of your family)