Synj
Dystopian Dreamer
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Investing General Discussion
- Thread starter Furious
- Start date
Big Phoenix
Pronouns: zie/zhem/zer
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It may well be worth it for AI to be a bubble, pop, tank the economy just to destroy Oracle.
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fred sanford
Sanford & Son: Owner, Operator
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They deserve it just for the recent changes to their support site. It’s the most pain in the ass implementation of AI on a site ever conceived by pajeets.
Haus
I am Big Balls!
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This sounds like their positioning to know they're going to have to buy a mountain of treasuries for all those that are expiring and have to be reissued next year. It's an insane amount, I believe around 1/3rd of the entire national debt will have to be refinanced (they're even calling it the "debt maturity wall" or $10B). This is a big reason Trump has such a hard on for pushing interest rates lower, as that will affect how much the treasury will have to pay on it's re-issuance.
It's like the worst case scenario of an ARM mortgage, but on a national debt level scale.
So with that, there is probably immense pressure on the Fed to be ready to step in and soak a ton of debt issuance onto their balance sheets. Since a tepid market of buyers for our national debt would make the government have to pay more to get people to buy it. (Google "US Debt Auction" I believe).
The F-U would be if a group of large current debt holding countries (looking at China and Japan for instance) all boycotted US treasury issuance next year, but that would be tantamount to a declaration of war in the eyes of certain orange presidents.