Post Tagged with: "Ecuador"

The US government shutdown, currency sovereignty and sovereign default

The US government shutdown, currency sovereignty and sovereign default

As the US government shutdown continues, the risk of default grows. Below are some thoughts on why this has played out as it has and what the outcome may be.

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Obviously we would add 10 zeros but you get the picture

The Trillion Dollar Coin would be bullish for Treasurys

I just wanted to follow up on Randy Wray’s last post to look at this Trillion Dollar Coin idea from an investing perspective. I believe the coin would be bullish for Treasuries because it lowers average Treasury duration and alters private portfolio preferences in a manner similar to quantitative easing. Otherwise, it has no real economy effects.

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