How the Hormuz LNG Shock Quietly Erased $241 Billion from US Debt - Devdiscourse
How the Hormuz LNG Shock Quietly Erased $241 Billion from US Debt - Devdiscourse
Source: Devdiscourse
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DW NOTE
The Fed raised rates into a supply shock while the Treasury's borrowing costs fell $241 billion — meaning bond buyers are pricing in a recession the equity market refuses to see. When oil supply drops 5.7 million barrels per day and the VIX sits at 15, someone is catastrophically wrong about what happens next.