European Bonds Throw A Tantrum | Joseph Wang
Forward Guidance
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The Effect of Rate Hikes on the Financial System
The Fed basically just forcing haircuts or decreasing the market value of your treasury debt, right? It's giving you losses into the system. The quantity of those losses is in direct proportion to how high the level of sovereign debt is Now If you think about what we see here The sovereign debt load has just exploded during the 20 last 20 years. Oh, it's oh, wow Oh good old days two trillion dollars in sovereign debt. Well, I'm sure then there are a lot of people complaining about Our control spending in here.
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