The market for USTs is in freefall, and unless Da Fed can magically conjure up a buyer for the massive number of bonds they need to issue to keep rolling over the debt, things could go south in a very big hurry.
Add to this the fact that the M2 Money supply has dropped over 2% for the first time since the Great Depression, and we're looking at a Perfect Storm of economic indicators FLASHING RED as we move toward the 3rd Quarter of 2024. As you recall, my prediction was we would see financial mayhem arrive at this time.
Going into the POTUS election of course, this bodes ill for Uncle Joe, which means we will have The Donald in charge of keeping the Titanic floating after hitting the iceberg. I think that about guarantees the same result.
https://finbold.com/u-s-economic-apocalypse-imminent-government-debt-market-collapse-begins/
U.S. economic apocalypse imminent? Government debt market collapse begins
RE