/biz/ - Business & Finance

>>19203862
Aight:

Most people brushed this off, but it's very important that senator was mentioning that lots of her constituents aren't actually getting the funds they were approved for. Look out for that to become a theme.

Second: Powell was talking about opening a muni window so that munis can borrow, but not coming for several weeks despite that, say, for example 50% of the East Village has fled, collapsing that tax area. That sucks on it's own, but just like 2008, the real problem is gonna be when you can't issue debt cuz you can't sucker investors into thinking your prospects are going up forever.

Just like 2008, the face issue isn't that big a deal really, it's what happens when debt stops being issued cheaply, even for a short period.

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