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MacroVoices #294 Luke Gromen: The U.S. Government Cannot Afford Secular Inflation

Macro Voices

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The Fed Says Yield Curve Control, or Its Equivalent

The key to watch is us. Debt to g d p, and when it's at 70%, then i think you can consider putting on that trade. But until a rise in rates anywhere, you know, until, until a rises in rates anywhere blows up system,. And again, if the system goes into any deflationary impulse with us, true interest expense still above tax receipts, the us. Government says, sorry, we're not making the coupon payment on treasuries. Sorry, 70 million boomers, you're getting less money this month for social security. Once ou s dete g d p gets down to 70 %, which is probably 20 % inflation for five years

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