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Why bother with such inconveniences when the bad loans are being securitized in packaged debt offerings and sold to pension funds? And refusing it by not answering my phone any more, since inevitably the caller is someone trying to get me to buy some crap I don't want, or need. The car dealers are the ony one's who bother to leave a message when my phone automatically shunts their call to voice mail, since they are not on my contact list.

The point is, this three-headed debt monster’s been constructed in earnest over the last 8 years. I even have car dealers calling me trying to get me to trade in my paid off vehicles for new financed vehicles. ;-) True, but if one positions oneself to be less liable for taxes than Joe Average (e.g.

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And in addition to the Bank of Japan’s Treasury holdings, regional Japanese banks have been stocking up on Treasuries; over the last five years they’ve increased their holdings of U. Specifically, Treasury purchases are being prompted by the European Central Bank’s never ending quantitative easing program.

This is probably due to inflation expectations driving expectations about interest rate policy – click to enlarge.

With a little imagination one can conceive of where the money’s coming from to buy Treasury bonds.

If you recall, the Federal Reserve’s quantitative easing program concluded in late 2014.

The Fed even says it plans to start shrinking its balance sheet later this year.

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