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The $34 trillion mountain of national debt is a 'boiling frog' situation for the US economy, JPMorgan warns (www.businessinsider.com)

submitted 9 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml

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[–] davel@lemmy.ml 0 points 9 months ago

I think this is the QE hat trick currently in play to rescue banks: https://longviewfa.com/how-the-banking-failures-unfolded/

A new facility that was enacted by the Treasury will provide help to these banks by allowing them to place these underwater bonds at the Federal Reserve at full price.

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