Illogical Ship of Fools

 

COMMENT: Thank you for your private blog on interest rates. We seem to have the dumbest people in government possible. How could they sell debt when China was the largest holder and then threaten them with war over Taiwan? A third-grader would see the illogical assumption in this position. If they cannot sell the debt, then interest rates must rise. Only a fool would disagree with that. We are obviously on a ship of fools.

HK

ANSWER: You do not buy the bonds of your enemy so they can buy weapons to wage war against you. It just does not make any sense.

Latest Posts

Mexico 2025

QUESTION: Mr. Armstrong, I want to thank you for your work. It is refreshing to read a non-biased analysis of our country. I do not say this to flatter you. [...]
Read more

Market Talk – January 3, 2025

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 386.62 points or -0.96% to 39,894.54 • Shanghai decreased 51.13 points or -1.57% to 3,211.43 [...]
Read more