US National Debt has increased by $715 billion since July 1 while the 10-Year Treasury yield has jumped from 4.48% to 4.75%.
Washington’s solution?
Increase buybacks of longer-dated Treasuries to $4 billion.
But swapping longer-maturity debt for shorter-maturity debt doesn’t
"We could have GDP of 14, 15, 16, and 20." - President Trump today
We could...
If we printed trillions of dollars and dropped them from helicopters.
That would certainly boost nominal GDP.
But real GDP? Not so much.
Instead, we would get soaring inflation and a collapsing
For the first time in history, the national average price of gasoline was above $4.00/gallon every single day in August. A painful new record for American drivers.
Video: youtube.com/watch?v=9M5N3l…