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Banking, Economy

“Biden’s Treasury accused of trying to juice U.S. economy pre-election”

“The Treasury Department is being accused of trying to juice the economy ahead of the election, by changing how it finances government spending

The accusation: Short-term debt is becoming a rising share of all outstanding debt, while the share of long-term debt, like 10-year or 30-year bonds, stays flat. In turn, critics say the lower supply is preventing long-term interest rates from going up. Those rates influence borrowing costs across the economy…”

https://www.axios.com/2024/08/05/biden-treasury-economy-spending-election

Everyone knows election years are good years for the economy. Lets not be naive here. Something that happens every 4 years is not a coincidence. This administration may be more obvious with it but that doesn’t change the fact this always happens.


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