US Treasury just bought back $12.5 Billion of its own debt, the largest buyback in history.
byu/TonyLiberty inFluentInFinance
US Treasury just bought back $12.5 Billion of its own debt, the largest buyback in history.
Do you realize what’s happening?
Japan ran this same playbook in the 1990s when their debt hit 60% of GDP. They bought back bonds, extended maturities, and kept rates low. Thirty years later their debt is 260% of GDP.
Buybacks don’t fix spending problems.
h/t TonyLiberty