Kennedy is a grandstander, interrupting and cutting off Yellen, who is unable to complete an answer. And when she does at the end, it is to clarify that she's simply following standard economic logic. He is collapsing a long and short-term bond policy and claiming that it is "timing the market."
I put my chicken feed in a standard index fund that multiplied over the last decades, at a much faster rate than the national debt. In fact, it was our Arkansas comrade, William Jefferson Clinton who was the last President to balance the federal budget.
I balance my check book every month. If I don't have money to buy something (which is getting much harder) It's really easy don't spend what you don't have.
Following you senator for a couple of years now and gootta say you ve always shown integrity. Come by our litrle nation some day, you love the calmess of it. ❤
It's your Democrats government that is hiring the people. We are middle class struggling with the rich and the ones on welfare. My taxes keep going up. My retirement is going down. What support for middle class?
Sen. K, Please don't let her get away with this. You know its wrong and We the People can't make her behave. She's an old hand at tap dancing and digs in like a bull dog. PLEASE, DON'T LET HER!!! Its too bad that these discussions and digging for answers is cut short by the clock! THAT should be changed, too!!!!
Having short-term debt at a higher rate saves costs only if you don't end up borrowing more money. And I don't believe this is going to be the case. Nobody believes that the borrowing is going to stop any time soon.
😂 perhaps people will finally understand that the government non-elected are not smarter than the average. They are and have been “dumber than a box of rocks “. ! 😂
But they are both smarter than I am...however. the dems are playing with tax payer dollars to get Biden elected. Senator Kennedy is no fool and neither am I. So I'll be blunt...she is cooking the books.
Who are we borrowing this money from? Lord we won't ever be debt free....with all the illegals being supported too...this is really hard to think about..how did this mess get like this? Yellen speaking in accounting tongues does not help our understanding...whats going on here?
I never understood the ultimate reasoning for these hearings. I can see the exposure of idiotic decision making by politicians, environmentalists, regulations, etc. All of which I already knew. If they cannot be held accountable, what is the point of these hearings? It is just all chat. A waste of time and money.
I believe she just explained why my bank won't loan me a million dollars when my personal gross income is 50K, yet the government can take out a loan of 1.6 BILLION !!!...more than the GNI (annual income of the whole freaking country). What is happening to this country? These people have to go! Flush the toilet already.
It's considerably, considerably worse than Kennedy lays out here. See Stanley Drunkenmiller's remarks on this topic in October 2023, where he says that Yellen made the biggest mistake in the history of the treasury (literally) when she did not lock in very long term near-zero rates. The cost here is almost impossible to believe.
Yes I was just going to say chairman Powell waiting and watching making his job harder. Currently I would take long term 10yr simple fact markets fluctuations several wars today continue no end in sight.
1) The treasury could always buy back the 10 year at a discount if taxes go down. 2) short term debt will have to be rolled over because govt debt won't go down. So, unless the fed lowers rates interest on the new debt will cost more. So, she is full of it.
You know Mister Senator, Kennedy I am no longer allowed to watch RU-vid due to I allege Government censorship. However I have developed work around so it is always great to hear your thoughts. BTW Mister Senator, I do not believe anything the Hon Yellin says.
As far as I understand demand for the US treasuries are low. Countries are selling their holdings. To attract money, they had to offer higher interest rates.
Suggest asking Yellen how the Treasury buybacks are going to work. Anyone selling bonds back to the Treasury must be getting something above what they could get selling in the marketplace. Is it a bailout of banks, insurers who have large holdings of low yielding long term treasuries that will be able to get their full principal back early? Then they can go buy higher yielding debt, costing the tax payers even more?
I got my answer, Treasury News shows they are selling long term low yielding debt which is a big win for the seller and a big loss for the public that will have to pay higher debt servicing costs. It is a bailout.
Over time … what is the average yield on the 5 yr and the 10 yr compared to today’s rates … argument over. If we see rates drop anytime soon we will be bailing out the economies of the world… just like the the late 1920’s and where did that take us in the 1930’s?
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