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30 sats \ 1 reply \ @028559d218 22 Mar \ parent \ on: Bessent’s Debt Dilemma (Financial Times Unhedged, Armstrong/Reiter) econ
I don't know. Is this associated with the rapid increase in interest rates in 21-22?
It is, but the weird part is that conceptually the minimum value of that thing is zero (unless the Treasury is writing the Fed massive reverse remittance checks).
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