Update on Treasury Borrowing and Fed Monetization

[charliebrown]

Re: Update on Treasury Borrowing and Fed Monetization

I figured as such, the MCD thing was just an attempt at humor.
After all MCD is still making money and can service their debt out of cash flow. Unlike the USTreas. Which services their debt by rolling it over.

[cjppjc]

Re: Update on Treasury Borrowing and Fed Monetization

Wouldn't you rather own MSFT bonds than Treasuries? I think they're good for it.

[metalman]

Re: Update on Treasury Borrowing and Fed Monetization

Wouldn't you rather own MSFT bonds than Treasuries? I think they're good for it.

ms is backed by a software monopoly. the usa by a military monopoly. tough call.

[ThePythonicCow]

Re: Update on Treasury Borrowing and Fed Monetization

ms is backed by a software monopoly. the usa by a military monopoly. tough call.

Some equipment in the USA military monopoly depends on Microsoft software. Microsoft doesn't depend on the USA military. Easy call ;).

[metalman]

Re: Update on Treasury Borrowing and Fed Monetization

Some equipment in the USA military monopoly depends on Microsoft software. Microsoft doesn't depend on the USA military. Easy call ;).

yes, but can ms kill me?

[ThePythonicCow]

Re: Update on Treasury Borrowing and Fed Monetization

yes, but can ms kill me?

Sometimes it's nearly driven me to consider suicide (I speak as a Linux fanboy, anti-Microsoft bigot ;).) Does that count?

[vinoveri]

Re: Update on Treasury Borrowing and Fed Monetization

That matches the theme of coordinated devaluation quite well, but I would be very surprised indeed if this period of history results in greater international cooperation. Crisis brings national interest to the fore, and it is not in America's national interest to lose dollar hegemony. I personally think the odds are better that we'll see a fracturing of the international system result from this crisis, than a consolidation. The cooperation thus far -- such as it is -- won't prove durable if the crisis deepens.

yes, I agree, and would expect to see a closing of ranks reflective of national borders. Perhaps though the world is not as clear as we have been led to perceive (caution: paranoia alert).
I think the govs that matter are run by rational folks who will do what is in their short term self interest - and this is not the same thing as what may be in their nations self-interest.

I would be amazed but not surprised shoudl a global coordinated reponse be actualized and effective.