A picture is worth a thousand words.
And inflation is starting to rear its ugly head.
Hopefully the Biden management team of Powell and Yellen avoid the disasters of Venezuela where their 9% coupon bond that went from par of $100 in 2013 to $10.34 today. With gut wrenching inflation (look at the price of a cup of coffee in Caracas Venezuela!).
Even China is bailing on US Treasury debt.
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