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DEBT DEAL= HIGHER INTEREST RATES SHORTLY AND HIGHER GOLD PRICES EVENTUALLY

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DEBT DEAL= HIGHER INTEREST RATES SHORTLY AND HIGHER GOLD PRICES EVENTUALLY

The Occasional Speculator
Jun 3, 2023
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Share this post

DEBT DEAL= HIGHER INTEREST RATES SHORTLY AND HIGHER GOLD PRICES EVENTUALLY

www.theoccasionalspeculator.com
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I predict the US debt ceiling bill now passed will unleash Biden for an orgy of new spending which has to be funded by the Treasury auctions.

The buyers of those auctions- largely American money market funds- will have a field day forcing up the interest rates (and therefore their profits), and the Treasury will have to pay. As a preview of what happens …

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