good morning nostr, gradually then suddenly 🫡
On RHR yesterday you asked about the government buying mortgages.
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thirty year fixed rate mortgages are a welfare program
Before the Great Depression, they were typically 10yrs, 50% down. Extending duration is a way too keep the Ponzi going.
Some .gov sell 100y bonds. Wen millennium bonds, sir?
They’re beautiful. lol
