Fundamentals
The US Treasury Secretary announced this morning a possible 50-year bond. They have injected $2 trillion into the economy, and the situation continues to appear to need even more stimulus. The Treasury appears to be negotiating a second wave of stimulus that could be $2 or $3 trillion. Pretty soon we are going to be looking at $10 or $20 trillion, increasing debt by 30% or more. We were in a fragile environment before the coronavirus crisis. We had double the debt compared to 2008.
According to traders, there was a quadrillion dollars worth