Treasury’s Last Pillar Crumbles
With the return of Shinzo Abe and his Liberal Democratic Party to power in Japan, the market for US Treasuries may be losing its last external pillar of support. Re-elected on September 26th, Abe has quickly set a course for limitless inflation, saying Japan must “free itself from deflation and the strong yen.” This is significant to the global economy as Japan is the largest foreign power left with a strong appetite for US Treasuries. If this demand falters, the Fed may be the only remaining buyer of new Treasury issuance.
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When you were a kid, do you ever remember your mother asking you, “if your friends jumped off a bridge,
Yesterday, I ran across an article in USA Today that should have created a firestorm of controversy. Apparently, Congress has