{"id":4746,"date":"2023-11-12T02:19:15","date_gmt":"2023-11-12T00:19:15","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4746"},"modified":"2023-11-12T02:19:15","modified_gmt":"2023-11-12T00:19:15","slug":"disastrous-us-almost-couldnt-borrow-money","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4746","title":{"rendered":"Disastrous: US almost couldn&#8217;t borrow money"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Yesterday, the US government attempted to borrow $24 billion by selling some fresh 30-year debt.<\/p>\n<p>It was a huge disaster.<\/p>\n<p>In order to attract enough buyers, the rate had to be raised sharply.<\/p>\n<p>And even so, the major US banks had to buy 25% of the debt because there were no other buyers at all. Even frequent buyers like Japan didn&#8217;t participate this time.<\/p>\n<p>With buyers catastrophically scarce, the US government is borrowing more than ever and has no intention of stopping.<\/p>\n<p>It has borrowed $1.5 trillion in the last 4 months and has announced another $1.5 trillion in the next 6 months.<\/p>\n<p>Well, if they really want to borrow such amounts, they will be forced to offer ever higher rates to attract lenders.<\/p>\n<p>And we all know what the high interest rates are doing to the economy\u2026<\/p>\n<p>The Biden administration&#8217;s debt isn&#8217;t just getting more expensive to service. It&#8217;s also getting harder and harder to sell at all.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday, the US government attempted to borrow $24 billion by selling some fresh 30-year debt. It was a huge disaster. In order to attract enough buyers, the rate had to be raised sharply. And even so, the major US banks had to buy 25% of the debt because there were no other buyers at all. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4746"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4747"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}