Subject: Re: Beware the Ides of March ...
The US will not default. What they are likely to do is to inflate the currency to the point that, if they cannot keep the refinancing game going forever, they will pay off the bonds with nominally worthless currency.


The Titanic was the best ship as of 1912 that had ever been built.

We have problems that are becoming insurmountable. Deflation. Rising unemployment because of tariffs that now has the FED lowering rates while inflation blipped up.

Powell sees risk in all directions. The iceberg is surrounding the global economy.