The dearth of safe-assets era is over

Bloomberg/Allison Schrager

Repost from 7-27-2021

“The safe-asset shortage is over. Should we worry?”

USAGOLD note: The short answer is “Yes. We should worry.” Why? Because the federal government is producing debt at an unprecedented scale at a time when demand is likely to diminish due to corrosive effects of inflation. In many ways, Schrager states the obvious, but for some, the ongoing bond glut will come as a revelation.

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