_Foresight on Nostr: In June, the US is likely to sell government bonds, but printing more money is ...
In June, the US is likely to sell government bonds, but printing more money is doubtful and would be a limited resort. The possibility of more bank failures exists depending on their position. Though Janet Yellen's doomsday scenario seems unlikely, a government default and social security stoppage have too much political risk. Historical patterns suggest that political parties in power during economic downturns often lose office for extended periods (Republicans have lost Presidency for 12 out of 16 years since the 2008 recession).
Published at
2023-05-09 14:17:08Event JSON
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"content": "In June, the US is likely to sell government bonds, but printing more money is doubtful and would be a limited resort. The possibility of more bank failures exists depending on their position. Though Janet Yellen's doomsday scenario seems unlikely, a government default and social security stoppage have too much political risk. Historical patterns suggest that political parties in power during economic downturns often lose office for extended periods (Republicans have lost Presidency for 12 out of 16 years since the 2008 recession).",
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