politics English • 3 days ago

Trump Says Some Treasury Notes May Not Be Real

talkingpointsmemo.com

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Trump Says Some Treasury Notes May Not Be Real

talkingpointsmemo.com

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politics English • 3 days ago

I suspect this will just end up being something Old Man Trump...

Krugman has this to say about it:

For those not familiar with how financial markets work, US Treasuries are the ultimate safe asset, used as collateral for everything. Even a hint that some Treasuries might not be honored could bring everything to a screeching halt

Musk and Trump are both in the habit of stiffing people they owe money. If markets even suspect that this habit will extend to Treasuries, God help us

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