Hacker News Reader

Used to be near 100% takers. Those are new debts. The old debts being sold off actively and Fed had to intervene to buy up. Things are very bad right now. Just take whatever published values especially by Uncle Sam at CCP-level type of dishonesty. Look at some properties sold price, it is stale. A lot of local governments forbid publishing of those values. Look at unemployment rate, it is basically so different to during Carter era. Carter would have been doing extremely well with today's definition. Warren hoarding 120B for the coming raids. Same with many. Expect Joe to invoke wars (maybe Iraq, or Iran or even China-Taiwan) to stimulatereal gdp).

I came here to say this. Rates are high because of Fed Funds expectations. Also, rates have been coming down since mid-October

https://fred.stlouisfed.org/graph/fredgraph.png?g=1bU5a

This is a terrible article from someone with no understanding of debt security markets.

So at least the title is complete hogwash