Tom Graff on the July FOMC Meeting and the Recession Debate
Macro Musings with David Beckworth
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Is There a Demand for Dollars?
The bond market does not seem concerned about the huge increase in stock of debt. There's simply a demand for these securities, and even if you run persistent deficits over the next 30 years, there's going to be people willing to buy them. People don't see that chan ging. But i guess my best theory is that us Grove dly demand for dollars broadly, which extends well beyond our borders,. And then the fact that the us Banking system and finance system are, at large, wright are really the centre of almost all global trade and finance.
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