/biz/ - Business & Finance

>>57402505
Spent by Mister Ponzi on fast cars and faster women. Or, in the case of index funds, useless DEI hires.

>>56275234
I think it comes down to understanding TLT baggies.

Not ragging on them in particular but sorta. In a normal market, dip buying works because you get everyone on one side of the boat, means revert, falling knives get caught.

But we are running fuckhueg deficits. Over and over. Dumping like 6% of our entire GDP in bonds on the market, every single year. Without end. Plus QT! And uncooperative foreigners!

When we should get a bounce from a Fed program, its hands are tied by 4% CPI. No debt ceiling until 2025 means no issuance pause/TGA drawdown. Nothing stops the bleed of capital into the black hole that is a 5% yield curve.

I miss this lil nigga like you wouldn't believe.