Comment: That's what it looks like to me too.

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fireant's picture

That's what it looks like to me too.

I'm just a pedestrian here, but i'm thinking it will extend into muni's as well. (Already some states are bailing them out. When retirement funds and public bonds start hurting, pressure will build in Washusaton for more money. They'll call them something other than bailouts of course, but the pain of retirees and bond holders will create too much screaming for them to take.)
As the world continues to move away from the dollar, all the bad debt out there will end up in the T market, and we will have to eat it. So much for the dollar if I'm understanding this. Get out of Treasuries and into PMs!

Undo what Wilson did