Sunflier@lemmy.world to World News@lemmy.worldEnglish · 3 days agoDanish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government financeswww.cnbc.comexternal-linkmessage-square47fedilinkarrow-up1583arrow-down12file-text
arrow-up1581arrow-down1external-linkDanish pension fund to sell $100 million in Treasurys, citing ‘poor’ U.S. government financeswww.cnbc.comSunflier@lemmy.world to World News@lemmy.worldEnglish · 3 days agomessage-square47fedilinkfile-text
minus-squarehector@lemmy.todaylinkfedilinkEnglisharrow-up10·3 days agoWe are no where near maxxing out credit, which will happen before these malicious clowns lose control. I suspect at that point they will print money to pay debt and start a hyper inflation. But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century. By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.
We are no where near maxxing out credit, which will happen before these malicious clowns lose control.
I suspect at that point they will print money to pay debt and start a hyper inflation.
But lost in all this is stated inflation higher than the cpi, understated on purpose several times in the last half century.
By 2008 inflation was 5 to 8 percent on average under the old measure. Around 3 on the new.