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2023-05-22 12:52:22

squirrelmaster on Nostr: Why does the debt ceiling debate matter? Predictable cashflows. Think about it: if ...

Why does the debt ceiling debate matter? Predictable cashflows. Think about it: if your bank couldn’t be sure that you were gonna make your mortgage payment next month, it would - if only on the margins - think twice before reducing its liquidity buffer on other investments. Now apply that to the biggest borrower in the world: the U.S. government
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