The US economy faces an ‘everything problem’ – and the Fed has only bad options, researcher says
MarketsInsider/Theron Mohamed/4-4-2023
“It’s not a banking system problem. It’s a US Treasury G7 sovereign debt, balance of payments problem. Treasuries underpin everything. It’s the collateral for the whole system. So if we’re going to have a Treasury problem, we’re going to have an everything problem.” – Luke Gromen, Forest for the Trees
USAGOLD note: A different perspective on the banking crisis that, some will say, goes to the heart of the matter…… TLT is an ETF holding only US Treasuries. Many analysts use it as a proxy for tracking the US sovereign debt market.
\TLT (US Treasuries ETF)
Chart courtesy of TradingView.com
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