I don’t think most people understand how critical this is. US treasuries losing safe haven status is the type of thing that will be taught in history books 80 years from now.
It will be like learning about Gavrilo Princip in 2025. Seemingly “meaningless” tedious historical facts, but at a closer look Princip (indirectly) shaped the course of much of human history in the 20th century.
I don’t think most people understand how critical this is. US treasuries losing safe haven status is the type of thing that will be taught in history books 80 years from now.
It will be like learning about Gavrilo Princip in 2025. Seemingly “meaningless” tedious historical facts, but at a closer look Princip (indirectly) shaped the course of much of human history in the 20th century.
Last year there were rumblings about this exact thing happening and far too many people just blew it off.
Now the chickens have come home to roost and everyone is shocked. 🙄