I was wrong about Trump
TheMoneyIllusion » I was wrong about Trump
I wrote the previous post under the mistaken assumption that Trump is not a complete lunatic. Mea culpa. I assumed that when he talked about refinancing US debt at lower rates, he meant that as short term debt matured he’d replace it by issuing longer term debt. I never even dreamed that he was talking about https://finance.yahoo.com/news/trump-proposal-national-debt-send-184432030.html, and then refinancing at lower rates. (I’m sure lots of people will be anxious to lend us money at lower rates right after we default.)
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TheMoneyIllusion » I was wrong about Trump
I wrote the previous post under the mistaken assumption that Trump is not a complete lunatic. Mea culpa. I assumed that when he talked about refinancing US debt at lower rates, he meant that as short term debt matured he’d replace it by issuing longer term debt. I never even dreamed that he was talking about https://finance.yahoo.com/news/trump-proposal-national-debt-send-184432030.html, and then refinancing at lower rates. (I’m sure lots of people will be anxious to lend us money at lower rates right after we default.)
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