Well, not markets. Fed-managed paper exchange.
No one has ever put a number to it until now.
An increasingly important question, because someone always has to buy this debt – and it’s not just the Fed. But the share of foreign holders is waning.
Credit-score algos got fooled by forbearance. Weirdest economy ever where no one knows what’s going on anymore.
Auto loans jump after historic price spikes. Credit cards still in stimulus wonderland. Student-loan borrowers count on debt forgiveness, mmmkay.
Here’s how I got walked through Denbury’s bankruptcy proceedings.
$43 billion incinerated on Share Buybacks since 2012 to manipulate up the share price would come in handy now. Shares -60% since June 2019.
“You’re the Collateral.” Separating the assets (including you) from the liabilities (your miles), and pledging the assets.
But consumers again paid down their credit cards; let’s be honest, that’s abuse of stimulus.
Stimulus and bailouts had a huge impact, for those that got them, and for those that didn’t.