United States dollars and silver: If the long-debt buy-back plan fails, the risk asset will be under pressure
ON 21 AUGUST, HARTNETT, A UNITED STATES BANK STRATEGIST, STATED THAT IF THE UNITED STATES TREASURY’S PLAN TO CONTROL THE RATE OF RETURN ON LONG-TERM NATIONAL DEBT FAILED, THE UNITED STATES DOLLAR WOULD BE UNDER PRESSURE AND TRIGGER AIR BETS ON RISKY ASSETS BEFORE THE MID-NOVEMBER ELECTIONS. HARTNETT STATED THAT IF FINANCE MINISTER BESENT WAS UNABLE TO LOWER THE 30-YEAR RATE OF RETURN TO LESS THAN 5 PER CENT, HE EXPECTED THAT THE UNITED STATES DOLLAR WOULD FALL IN THE COMING WEEKS AND THAT HE WOULD INCREASE THE AIR BETS ON RISK ASSETS SUCH AS AI ' S MEGA-ENTERPRISES, PRIVATE FUNDRAISING CREDIT, ETC. THE FIU WILL ALSO BE AT RISK OF BEING EMPTY. HARTNETT WROTE: “POLICY PANICS TO REPAIR FIXED-INCOME MARKETS SHOULD LIMIT, BUT NOT REDUCE, THE RETURN ON UNITED STATES DEBT.”
