bloobs wrote: ↑Thu Oct 27, 2022 7:47 am
harpole wrote: ↑Wed Oct 26, 2022 9:43 pm
Can't create an account on TreasuryDirect.gov due to volume! Could this be an indicator that markets are about to drop?
Maybe, or because just TreasuryDirect.gov is, after all, another .gov website subject to lowest-bidder website admin snafus, or a DDoS cyberattack is happening, or....yeah maybe everyone and their uncle is buying bonds.
Buying bonds (not bond funds
) is part what the Fed wants us to do as part of its proposed "fix". That's why yields are being raised.
Overall, I think common people like us need to be reminded of the core reason the Fed is raising rates. It wants to give us the impression that it is doing so to control inflation, which once "controlled" it will then lower then back down. They save the economy and us commoners. Hooray.
this to be not true.
If this were true, the Fed would immediately raise rates to closely match the real-world inflation rate (presently 6-8%), instead of the 3-ish% its at. That would instantly work, and exactly the reason they're NOT doing it. You see, the Fed's task is not to control inflation--but to raise and maintain it for a long sustainable time. They're doing this to substantially devalue the US dollar. A significantly devalued USD makes its easier for them to pay off (or at least pay down somewhat) its sovereign debt, which is unpayable otherwise.
This is the great reset they seek. To them it better work, or we'll all (world) doomed. Commoners like us will suffer with low pay and high prices. And yes, it does not matter whos in Congress or the White House. They'll all do the same thing the bankers want them to do.