The Treasury/administration's underlying strategy is to inflate the debt away—roll as much debt as possible to the short end, get rates lowered, and hold long enough to grow the economy past the debt—but this normally fails because debt holders behave in ways that make inflating it away impossible.
causalpending
Speaker
Bill FleckensteinEvidence Quote
“their game is going to be to try to roll the short end of the curve... get lower rates down and hope they can hold it there long enough to grow their, you know, grow the economy past it. Basically, they're trying to inflate the debt away.”
Source
Bill Fleckenstein: We've Gone Past The Point Of No Return, Only An Epic Crisis Can Fix— The Julia La Roche ShowCreated: 6/18/2026, 1:58:45 PM
My Notes
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