General Discussion
In reply to the discussion: If the economy tanks now due to a worldwide crash, do not expect this to benefit [View all]A HERETIC I AM
(24,368 posts)I have read a couple articles over the last few months that made the case for the Saudis flooding the market in order to shut down the Dakota boom, which has happened, essentially. They want / NEED us to buy their oil. They won't like it one little bit if we become self sufficient.
As I said, I am by no means an expert in these matters. I could be wrong 100 %. I admit it.
But I don't hope for a collapse as MANY Du'ers over the years have indicated, and even though we have been in a bond bubble for a while, I don't see a crash in US Treasuries happening this week or this month.
When yields start climbing like a rocket ship, meaning Treasury bonds are being bid into the toilet, THEN I'll start to get concerned.
But what happened today? There was a run on US Debt paper.
That should tell you something.
FWIW, even though the Federal Reserve has been buying Treasuries these last couple years, don't forget that the bonds pay interest to the holder. In this case, the holder returns the payments to the general fund.