<<Because isn't that the measure of the condition of the US economy versus inflation?>>
... not really, much of the past umpteen years, and absolutely not at all, now.
The CBs buy T-bills as a matter of policy, ad could not care less, until they do, about inflation. Between the US, China and Japan, there is a pact, an embrace of the doomed, until they choose to go their separate ways.
So, your premise is wrong, and had been wrong.
On N.Korea, they do their own thing, and so only the uninitiated would try/bother to constrain them.
On Taiwan, it is a done deal, and only the clock is running.
Chugs, J |
