>>29341650
>>29341670
You know, I was thinking of the rising rate risk in terms of a stock market crash, but reading >>29340855 I'm now wondering if the real thing to be worried about is the gov interest payments. Like, congress might not authorize the fed to do more just because of an 80% stock market dip because muh "stocks disproportionately benefit the rich", but they'll definitely greenlight Jpow to step it up if the alternative is the default of the US (only the wokest of woke would think default in nominal terms to be a good idea).
WWII yield curve control was kind of an unusual situation because buying war bonds was presented by the gov as patriotic, and I think it's reasonable to think many at that time would have thought of it that way despite the poor inflation-adjusted returns. With nobody particularly liking the US gov right now, it's hard to believe they'd be able to drum up artificial/idealistic demand for treasuries, which means this will be pure desperation printing. Worst case, take the amount of debt the US gov owes right now - that's the amount of new USD that could enter the money supply overnight.