Treasury to Double Long-Bond Buybacks, Moscow Imposes Fuel Rationing, Israel Unveils Execution Facility
Today's Digest covers US debt and buybacks, costly colleges, Russian fuel caps and ERCOT surge, Iran sanctions, Israeli airstrikes and execution facility, CA's Stop Nick Shirley Act, de-banking, and Clancy's overmedication.
Source: Peak Prosperity
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DW NOTE
The Treasury is calling this "liquidity support," not QE — a distinction that matters only to people who believe labels change the physics of debt monetisation. The 30-year hit 5.3%, the costliest auction in a quarter-century, and the government's response is to buy its own bonds while adding a trillion in debt every 95 days. Gross interest is now $1.37 trillion annually, the third-largest line item in the budget, rising 20% year-over-year. The debt ceiling arrives in four months; Trump is reportedly planning new tax cuts and defence increases.