I am not very surprised to hear that they are going to slow reductions given the economic data has been murky recently and when you factor in a new Admin and Congress next year it gives the Feds more wiggle room.
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0 sats \ 1 reply \ @OriginalSize 18 Dec
Elon's about to free up a lot of budget that will be spent in wild ways. My prediction is they'll need to raise next year and that will be a good thing.
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0 sats \ 0 replies \ @Cje95 OP 18 Dec
I dont think Elon is going to be able to free up money as quickly as most people think. Thats why he is fighting so hard to stop this CR because if it passes then the budget for the first year only be for 6 months since the Fed. Govnt FY is October to Sept.
There is definitely a lot of funding that can be cut in certain places however getting Congress to agree to those is going to be a tough sell since the Biden Admin has been flooding Republican states and more specifically Congressional Districts with money from the IIJA and IRA.
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0 sats \ 0 replies \ @022fbc9cef 18 Dec
They are trying to save a sinking ship (ie USD).
In the long term, we are not all dead, as Keynes said, but all fiat is worthless.
I find it amusing how there's a sellout after each such an announcement, only for traders to look for the bottom and to buy back in with a little bit of extra profit. They will need to be invested in the long run anyway.
Because fiat is a scam.
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