FBI looking for other suspects in New Orleans terror attack, killer was ‘not solely responsible’

 New Year’s celebrations turned to tragedy in New Orleans after a driver rammed a truck into the crowd at the city’s iconic Bourbon Street, killing at least ten and injuring 35 others.

The killer has been identified as 42-year-old Shamsud Din Jabbar. He was killed in a firefight that injured two police officers.

Jabbar grew up in Texas and is believed to have served in the military for ten years, sources told The Post.

Jabbar drove an EV pickup truck with a black Islamic caliphate flag on the back through the barricades on the corner of Bourbon and Canal street.

New Orleans Mayor LaToya Cantrell described the assault as a “terrorist attack.” The FBI was investigating possible explosives found at the scene.

The “hell bent” killer engaged in a firefight with cops, injuring at least two, before being shot dead, multiple local outlets reported.

Sen. Kennedy threatens to 'chase' feds 'like they stole Christmas' if they won't tell 'truth' about New Orleans attack

Sen. John Kennedy cryptically threatened to "chase" federal officials "like they stole Christmas" if they won't tell the "truth" about the New Year's Day terrorist attack in New Orleans.

The Louisiana Republican said he heard alarming non-public information about Army veteran Shamsud Din Jabbar, 42, who brandished an Islamic State flag during his vehicular murder of at least 10 people on Bourbon Street before dying in a gunfight with police.

"There's a lot of information going around. Some of it is actually true. Some of it isn't," Kennedy said at a press conference with law enforcement Wednesday afternoon.

"Here's what I want to ask from the federal government: Catch these people and then tell the American people the truth. Now, I don't want you to tell us yet anything is going to interfere with the investigation. And there are things that I've been told that I think are true that I'm not sharing with you today because it could interfere with their investigation," he went on.

"But after we get to the bottom of this, they need to tell the American people the truth, and the people in New Orleans the truth, and the people of America the truth."

Kennedy also warned: "I will promise you this: I will, when it is appropriate in this investigation is complete, you will find out what happened and who was responsible, or I will raise fresh hell and I will chase those in the federal government who are responsible for telling us what happened like they stole Christmas."

Authorities say that Din Jabbar, a US-born resident of Texas, may not have acted alone.

The vehicle seems to have been rented by Din Jabbar from its owner, the FBI said.

FBI looking for other suspects in New Orleans terror attack, killer was 'not solely responsible'

New Orleans terror suspect Shamsud Din Jabbar may not have acted alone, the FBI confirmed in a startling update Wednesday afternoon.

“We do not believe that Jabbar was solely responsible," the bureau told reporters during a news conference.

Investigators work the scene after a person drove a vehicle into a crowd earlier on Canal and Bourbon Street in New Orleans, Wednesday, Jan. 1, 2025.AP

Law enforcement sources told The Post that investigators are looking into the possibility of someone who helped fix or enable the carnage.

"We are aggressively running down every lead, including those of his known associates," they added, calling on the public to reach out if they have had any interactions with the 42-year-old Texas native, who officials say served in the military for 10 years.

Investigators confirmed that at least 10 people were killed when Jabbar drove a rented Ford pickup truck into a crowd celebrating New Year's on Bourbon Street just after 3 a.m. Wednesday.

Sen. Hawley requests 'accountability' hearing with Homeland Security Secretary Mayorkas, FBI's Wray

Sen. Josh Hawley (R-Mo.) is seeking a congressional hearing with outgoing Homeland Security Secretary Alejandro Mayorkas and FBI Director Christopher Wray before the presidential transition on Jan. 20.

"Americans deserve to celebrate in their cities without fear. But for the last four years, the Biden Administration has made them less safe. Public accountability must begin with Secretary of Homeland Security Alejandro Mayorkas and FBI Director Christopher Wray," Hawley wrote in a Wednesday letter.

Sen. Josh Hawley (R-Mo.) is seeking a congressional hearing with outgoing Homeland Security Secretary Alejandro Mayorkas and FBI Director Christopher Wray before the presidential transition on Jan. 20.REUTERS

The Missouri senator addressed the request to Senate Homeland Security Committee Chairman-designee Rand Paul (R-Ky.), who assumes that position on Jan. 3.

"When the 119th Congress convenes next week, and you assume leadership of the Senate Homeland Security Committee, I urge you to immediately call Mayorkas and Wray to publicly testify prior to their departure from office. They must give a full account of this attack and any departmental failures related to the incident," Hawley wrote.

University of Georgia student 'critically injured' in New Orleans terror attack

A student at the University of Georgia was "critically injured" during the New Orleans terrorist truck ramming attack, university president Jere W. Morehead said in a statement.

"At this point, we have learned that a University of Georgia student was critically injured in the attack and is receiving medical treatment. I have spoken to the student’s family and shared my concern, support and well wishes on behalf of the entire UGA community," Morehead said.

Morehead added that the university would do "everything in our power" to support victims from its community who've been impacted by the attack.

The student's identity was not released.

Potential IEDs found in attackers vehicle, around French Quarter: FBI

A possible explosive device was found in the pickup truck used by terrorist Shamsud Din Jabbar to mow down dozens celebrating New Year's on Bourbon Street, the FBI said in a statement.

A possible explosive device was found in the pickup truck used by suspected terrorist Shamsud Din Jabbar to mow down dozens celebrating New Year's on Bourbon Street, the FBI said in a statement.

"Weapons and a potential IED were located in the subject’s vehicle. Other potential IEDs were also located in the French Quarter. The FBI’s Special Agent Bomb Technicians are working with our law enforcement partners to determine if any of these devices are viable and they will work to render those devices safe," the statement said.

https://nypost.com/2025/01/01/us-news/attack-on-bourbon-street-in-new-orleans-live-updates-photos/

Firefighters, Police Attacked In Diverse Areas Of Brussels During NYE Chaos

 by Paul Joseph Watson via Modernity.news,

Firefighters and police officers were attacked with fireworks and more than 60 cars were torched during a night of chaos in diverse areas of Brussels, Belgium.

“Once again New Year’s Eve in Brussels was the scene of acts of arson, wanton vandalism and violence against emergency service personnel,” reports VRT News.

The last day of the year is routinely characterized by such attacks by migrant communities in major European cities, the worst example being New Year’s Eve in 2015, where over a thousand women were molested and raped by migrant gangs in Cologne, Germany.

According to Walter Derieuw of the Brussels Fire Service there were, “Between 60 and 70 vehicles that have been burned out,” and there were a further 60 call outs to respond to “burning rubbish bins, benches, bushes and mattresses.”

Marking a “very turbulent New Year’s Eve,” Derieuw said, “Several firefighters had bricks thrown at them and there were people that fired horizontal fireworks and threw Molotov cocktails.”

The Belgian capital’s emergency services received at least 588 call outs to deal with the chaos during the course of the night while 64 people were detained for their role in the unrest.

A video compilation shows emergency vehicles being pelted with fireworks and objects being dropped from a bridge by hooded youths in Molenbeek, while multiple vehicles were set on fire in Anderlecht, both heavily multicultural areas.

Molenbeek, where two people were also stabbed on Christmas day, is widely known as Europe’s ‘jihadi central’, and was where Paris massacre terrorist Salah Abdeslam was able to hide out for months before being caught.

In 2022, it was revealed that Islamic names make up 43 per cent of total registrations in Brussels, with the most popular name for newborn babies being Mohamed and its different spelling variations.

The country contains numerous ‘no-go zones’ where migrant enclaves exist almost outside of the law.

*  *  *

https://www.zerohedge.com/geopolitical/firefighters-police-attacked-diverse-areas-brussels-during-nye-chaos

'Venezuela economy grew over 9% in 2024, president says'

 Venezuela's economy grew over 9% in 2024, President Nicolas Maduro said, according to a transcript of an interview published by Mexican media outlet La Jornada on Wednesday.

"In 2023, we had 5.5% (growth). In 2024, according to all scientific, statistical, and technical data, we will surpass 9% growth in gross domestic product, with a very high level of growth in the real economy, as well as in the hydrocarbons sector," Maduro told Spanish journalist Ignacio Ramonet.

Venezuela's economy in recent years has experienced a prolonged crisis marked by triple-digit inflation and the exodus of millions of Venezuelans seeking better opportunities elsewhere.

In 2019, the government loosened controls on the private sector, allowing for an informal dollarization, which provided a lifeline to key sectors of the economy.

However, analysts believe the strategy has not been sufficient for a full economic recovery.

The interview with Maduro is set to air on Venezuelan state television on Wednesday evening.

https://www.streetinsider.com/Reuters/Venezuela+economy+grew+over+9%25+in+2024%2C+president+says/24158431.html

Romania and Bulgaria become full members of EU's Schengen zone

 Bulgaria's and Romania's full membership in the Schengen Area was celebrated on Wednesday, concluding years of negotiations for the Eastern European countries to join the ID-check-free travel zone.

On the first day of the new year, Bulgaria's caretaker prime minister, Dimitar Glavchev, symbolically lifted the border barrier at the Kulata crossing between Bulgaria and Greece.

"Today is a historic moment, the fruit of the efforts of many people. It is also a fact thanks to the border police, the military, Frontex staff and all our allies in the European Union. Together, we will all be much better able to protect the EU's external borders from Greece all the way to Finland," he said.

At midnight on 1 January, the interior ministers of Bulgaria and Romania met at the Ruse-Giurgiu border crossing between the two countries to mark the opening of the frontier.

Another short ceremony was held at a border crossing between Hungary and Romania with a meeting between Hungary's national chief of police and the chief inspector of Romania's border police.

The long wait is over

The combined 25 million residents of Bulgaria and Romania now join nearly 450 million EU citizens who already have the freedom to move around the Schengen zone. The two countries partially joined the Schengen Area in March, but open travel was restricted to those arriving only by air or sea.

It had been a long time coming, as the two countries first joined the European Union seventeen years ago - and negotiations to enter the Schengen Area began in 2011.

When the European Commission gave the green light to the countries in December, it marked an important signal to citizens of the two countries that they could now feel like fully fledged members of the European Union.

No more queues at borders

The Schengen zone was first established in 1985 and now includes 29 countries, most of which are EU nations, as well as some non-EU countries, including Iceland and Switzerland.

Until today, residents of the countries have had to queue for long periods of time at the 30 land borders between Romania and Bulgaria as they awaited official checks.

For Bulgarians and Romanians, this means that they will now be able to drive to France, Spain and Norway without a passport. Drivers and passengers no longer need to show any identity documents, and cars may pass without control.

However, at least for the first six months, random checks will be carried out on travellers at the border to deter criminal activities, with a particular focus on larger vehicles.

Some 1 million ethnic Hungarians live in the Transylvania region of Romania, a legacy of the partition of Hungary following World War I. Relations have been historically rocky between the two countries, but the opening of the border will ease travel and strengthen links between the regions.

It may also mean that more Europeans visit Romania and Bulgaria too, bringing with it a new generation of tourists.

https://uk.news.yahoo.com/romania-bulgaria-become-fully-fledged-070059957.html

'New Orleans truck attack adds to growing list of similar incidents'

 A new chapter in mass attacks began in Nice, France, in 2016, when a man drove a heavy truck into crowds of Bastille Day celebrants. Since then vehicle attacks have become increasingly common, though only some have been declared acts of terrorism. The New Year's Day attack in New Orleans, as revelers ushered in 2025, was the latest attack.

A driver crashed his pickup truck into a crowd celebrating New Year's Day in New Orleans' French Quarter and opened fire, killing 10 people and injuring more than 35, in an early morning attack the FBI said was a potential act of terrorism.

Vehicle attacks have become increasingly common around the world. The U.S. Cybersecurity & Infrastructure Security Agency calls vehicle attacks "a significant threat in the United States" and provides a "Vehicle Incident Prevention and Mitigation Security Guide."

Below is a list in reverse chronological order of some high-profile incidents in which a vehicle was used to ram into crowds, harming and killing bystanders.

MAGDEBURG, Germany

Last month in Germany, a 50-year-old man was charged with multiple counts of murder and attempted murder after police said he plowed a car through crowds at a Christmas market in Magdeburg, killing five people and injuring scores.

The suspect, who was in custody, is a psychiatrist from Saudi Arabia with a history of anti-Islamic rhetoric who has lived in Germany for almost two decades.

ZHUHAI, China

A driver in November rammed his car into a crowd at a sports center in the southern Chinese city of Zhuhai, killing 35 people and severely injuring 43 in one of the deadliest attacks in contemporary Chinese history.

Police said the 62-year-old driver, with the surname Fan, had been captured and was hospitalized for wounds believed to have been self-inflicted with a knife to the neck and other parts of his body. Fan had been upset about the split of assets in his divorce settlement, police said.

WAUKESHA, Wisconsin

A Wisconsin man was convicted in 2022 of killing six people and injuring dozens when he drove his SUV into a Christmas parade near Milwaukee, Wisconsin, in November 2021. Darrell Brooks was accused of deliberately driving his sport utility vehicle through police barricades and plowing into crowds of people participating in the annual parade in Waukesha, about 15 miles (25 km) west of downtown Milwaukee.

LONDON, Ontario

A 22-year-old self-confessed Canadian white nationalist ran over and killed four members of a Muslim family with his pick-up truck in June 2021 in London, Ontario, a Canadian city about 120 miles (190 km) from Toronto. In 2023 Nathaniel Veltman was convicted of first-degree murder. The judge in the case called it an act of terrorism.

TORONTO

In 2018, a man plowed a rented van into dozens of people in downtown Toronto, killing 11 people and injuring 15.

Alek Minassian was found guilty in 2021 of murdering 10 people and attempting to murder 16. One of the 16 later died in connection with injuries suffered in the attack, and a judge said she considered the woman the 11th murder victim.

NEW YORK

In October 2017, a 34-year-old Uzbek national plowed a rented truck onto a Manhattan bike path, killing eight people and injuring 11, including a Belgian woman who lost her legs. Sayfullo Saipov, who had moved to the United States in 2010, was convicted in 2023 of murder with a goal of joining Islamic State, which the United States designates a terrorist organization.

BARCELONA

In August 2017, a 22-year-old man rammed a car into crowds in Barcelona on Las Ramblas, a popular tourist spot, killing 13 people. The man, Younes Abouyaaqoub, fled the scene on foot before later stabbing a man to death and taking his car to escape. Abouyaaqoub was shot dead by police a few days later near Barcelona.

NEW YORK

In May 2017, A U.S. Navy veteran rammed his car into pedestrians in Manhattan's crowded Times Square, killing a woman and injuring 22 people. A jury in 2022 accepted the insanity defense offered by Richard Rojas.

LONDON

In March 2017, a car sped across Westminster Bridge, mowing down pedestrians just outside Parliament, killing four people and injuring dozens. The driver, 52-year-old Khalid Masood, a British-born convert to Islam, then fatally stabbed a police officer before he was shot dead.

BERLIN

In December 2016, Anis Amri, a failed Tunisian asylum seeker with Islamist links, hijacked a truck, killed the driver and then plowed it into a crowded Berlin Christmas market, killing 11 more people and injuring dozens. Four days later he was killed in a shoot-out with police in Italy.

NICE, France

In 2016, a gunman drove a heavy truck into a crowd celebrating Bastille Day in the French coastal city of Nice, killing 86 people and injuring scores more in an attack claimed by Islamic State. The attacker was identified as a Tunisian-born Frenchman.

https://gazette.com/news/us-world/factbox-new-orleans-truck-attack-adds-to-growing-list-of-similar-incidents/article_f0bdf84b-5db7-5a07-9082-f2ccfdb8c76c.html

On The Way Out The Door, Biden Is Emptying The Coffers

 by Lawrence McDonald via The Bear Traps Report,

The Legendary “W” Games

Over the last 250 years of American political gamesmanship, both parties have played year-end games into the arms of a new incoming administration. In early 2000, the incoming George Walker Bush team discovered that every keyboard in the White House and other administrative offices was missing the “W” key.

The outgoing Clinton staff had removed all the “W” keys to annoy the new administration after an extremely contentious election.

The damage was small, estimated at $15,000.

But the bigger message here was that when the party that runs the White House changes, the outgoing administration will leave some proverbial “time bombs” for their successors.

While the damaged keyboards were more like a bad joke, what Biden is doing to Trump now is serious business. The outgoing administration has opened the spigots table max to get every penny out the door while they can under the existing budget.

It’s almost like they are looting the Treasury before they leave town.

Biden is Opening the Floodgates with Spending

Spending for 2025 is expected to exceed $2Tr by the time Biden leaves DC on January 20th. This is over 30% of the annual budget, and Trump will have to cut spending for the rest of the year to stay within the limits of the allocated budget. This could mean a notable slowdown in GDP growth in the first quarters of 2025.

Bonds have taken Notice

Ever since the Fed cut rates in September, U.S. 10-year bond yields are about 1% higher, and mortgage rates are following in lockstep. Hedge funds are selling short, betting on lower bond prices into colossal incoming bond sales from the U.S. Treasury. This is a highly unusual activity and has the fingerprints of the bond vigilantes everywhere; a revolt is in the works.

Lunatics – as Usual – on Capitol Hill 

Congress, in its usual fashion, has failed to agree on the next budget, so the government is currently operating under a “continuing resolution” (CR). This continuing resolution means the government is allowed to spend the same amount of money they spent last year, which is $6.75TR. The government’s fiscal year started on October 1st, and Biden is on a run rate to spend almost $2TR by the end of December and a deficit that may exceed $800bl (+60% y/y). So, when Trump comes in on January 20th, he has three quarters left of the government’s fiscal year, but by then, Biden has spent more than 30% of the total allocated budget. This forces Trump to cut spending right off the bat. We estimate spending could drop by $500bl quarter over quarter, or 25% from Q4 to Q1. This is an estimate, and the timing of spending can change. But the fact is that Biden is emptying the coffers before Trump gets in. Every week, more money and weapons are sent to Ukraine, more subsidies are given to semiconductor makers to build plants in the US, and more government employees are hired.

US Yields Surge While Others Languish

Since September, US Yields have surged over 20% on Biden’s sugar high, while Canadian and German yields are down since then, Chinese yields have collapsed, and UK yields are only modestly above the September level.

Government Job Growth Twice the Rate of the Private Sector

Private sector job growth has lagged government job growth significantly in the last year as the government keeps hiring people.

Why is this so Bad?

We believe that this spending deluge by Biden on his way out is partially to blame for the surge in bond yields in Q4. Some may say it’s because of Trump and his promised tax cuts, but the Republican House majority is so slim that it’s unclear how much of a fiscal stimulus Trump is actually able to get through Congress. Also, the incoming Senate majority leader Thune (R, SD) has said he will only get one bill through reconciliation in FY 2025 and another one in FY2026. His priority is on immigration and energy legislation, so a fiscal spending bill might not come until late 2025 or early 2026 if anything. But if yields are being pushed up by all this spending in Q4, then what will happen if spending falls back in early 2025? And what will happen to GDP growth? A $500bl drop in government spending from Q4 to Q1 is the equivalent of 1.7ppt of growth. So, if Q4 nominal growth comes in at 5.7% annualized, this could drop to 4% in Q1 if government spending slows down accordingly.

Treasury’s Reliance on Short-Term Debt Exploded in Recent Years

Election Rigging? We are witnessing a Covid era like spending in 2024 without a pandemic. The Treasury Department has come to rely on short-term bills to fund the government. But with $36Tr of debt, the Treasury has to issue bills almost every day to keep funding the government and to refund maturing debt.

Interest Payments on the Federal Debt Load

• 2026: $2.1T?

• 2025: $1.5T?

• 2024: $910B

• 2023: $658B

• 2022: $475B

• 2021: $352B

• 2020: $224B

*CBO data, Bloomberg. The average weighted coupon on the U.S. debt load is about 2.7% vs. over 4.5% for 10-year U.S. Treasuries. As bonds mature, they get refinanced at much higher yields.

$10Tr of Debt Refinancing Next Year

In 2024 Treasury faced around $10Tr of maturing debt. To refinance this debt, it issued a whopping $26Tr of bills and bonds. More than 84% of that paper was short-term bills with a maturity of 6 months or less. Treasury keeps re-issuing bills with a maturity of 4 to 8 weeks or 3,4 to 6 months, which are the most popular maturities in a continuing, ever-increasing roll down of the debt, day after day, month after month.

Apple Long-Term Bonds and Interest Rates

ALERT – By issuing nearly a colossal load of extremely short-term bills, Janet Yellen succeeded in suppressing bond volatility in an election year and, in our view, strategically placing that bond market volatility into 2025 after the election. You can “why” see above, she wanted LESS long-term paper in circulation markets in the election year. Now, in 2025 – this paper has to be rolled over and termed out into longer-dated bonds. The USA is behaving like a financially trapped emerging market country. Living on the “front-end” of the yield curve is a VERY dangerous game.  The Apple AAPL 2.55% bonds due 2060 are trading down at 57 cents on the dollar. If long-term bond yields go to 6%, take a guess where this bond will trade. Near 47 cents on the dollar? Now think of the trillions of USD loans issued in 2017-2021 on bank balance (commercial real estate, mortgages, corporate debt outstanding). Losses are in the trillions of dollars with higher incoming interest rates. 

Interest Rates UP – Bond Prices DOWN

Never, ever forget that 6% today is equivalent to the destructive capacity of 10% twenty years ago. Interest rates up, mean bond prices down. A 1% move in interest rates higher today is an entirely different, far more lethal equation.

Incoming Stress Points

In 2025 the U.S. Treasury faces $9.6Tr of maturities in their so-called publicly held debt. In Q1 alone — the government faces $5.58Tr of maturities (bonds coming due, redemption), but 86% of those are short-term bills that the Treasury department rolls over into new 4-week, 8-week, 3,4, or 6-month bills, among others. 

As a result, almost daily bill auctions are coming to a theater near you, as the Treasury Department mindlessly keeps pushing new paper into the market to pay back the colossal amount of maturing debt.

Is There Any Reason to Buy Treasuries?

The new Treasury department under Scott Bessent may reduce bill issuance a bit and increase coupon paying issuance, just to alleviate some of the pressure on the bills market and extend the duration of outstanding US debt. Now that the big slush fund that bought all these bills, the so-called Reverse Repo Facility (RRP), is close to being depleted, it will be harder to sell all that short-term paper. In addition, Goldman Sachs expects that the Federal Reserve will stop the run-off of treasuries from its balance sheet by the end of January and begin buying treasuries again with the proceeds of the maturing MBS on its balance sheet. As such, the Fed becomes a modest buyer of treasuries next year, which allows the Treasury to increase coupon issuance without disrupting the long end.

One big bullish catalyst for treasuries would be a regulatory change to exempt treasuries from the Supplemental Leverage Ratio (SLR). It is unclear if and when this would be implemented, although Bessent was hinting at regulatory relief for banks to boost banks’ treasury holdings. Exempting treasuries allows banks to hold more Treasuries on their balance sheets without needing to hold additional capital against them, freeing up the capacity for banks to participate more actively in the Treasury market. Its unclear how much treasury demand that would create, but in 2021, when the temporary SLR exemption was reinstated after COVID, prime dealers reduced their Treasury holdings from $250bl to $125bl in 2 months. A change in the SLR ratio may come but is going to take months before the rules are changed. A phase-out of QT for treasuries would be a more immediate, albeit more modest, relief for the bond market. According to this timeline, the Fed will end up buying $100bl of treasuries in 2025, a big change from the $500bl of treasury sales in 2024.

The Fed has been Politicized

We have been very critical of Yellen’s term at the Treasury, but upon some further reflection, we think it’s really the case that Yellen’s only real issue was acting in the short-term interests of her boss and her party as opposed to thinking longer-term about how the government finances itself on a sustainable basis.

Her decision to fund the government with T-bills over duration securities and violate long-standing Treasury Department “norms” was incredibly short-sighted, but as someone who works for the President, ORDERS to follow.

Many have been super critical of her for these decisions because she should know what they would lead to and how really what she (and Powell together) has done is favor asset owners and the wealthy over everyone else in America, exacerbating wealth inequality to precarious levels in this country while still not bringing inflation back down to target. So ultimately, her decisions got her team knocked out of office anyway.

Looking forward, though, the issue is that there is no one in the government who is really thinking about and acting on behalf of the longer-term interests of the country when it comes to how much debt we are raising and how we are financing the government. The myopia about these decisions to get the existing political party in control through the next election is incredibly concerning.

The Fed has said this is not their lane; however, they are elected to 14-year terms and are supposed to be above politics. There are things they could have done to offset the politicization of the Treasury. They chose not to, they continue to protect asset holders and the Treasury market, decisions that really just make them become political as well. They could have better neutralized Treasury’s political decisions through more active QT, actually selling securities instead of just rolling them off, not adding to their duration holdings such that the weighted average maturity (WAM) of their positions is longer than Treasury’s own WAM. Powell’s Fed needs to be getting way more criticism than they are currently about these decisions which have made it harder to bring inflation down for the average American.

So if the Treasury is not going to think long term and the Fed is not going to either (the Fed actually is complicit because they don’t allow any real treasury market dysfunction to exist, which would be the way to deal with these long term issues by having the market / bond vigilantes do their thing), then who will? This is a problem, the bond market is starting to figure it out, term premiums are starting to normalize and the new administration will have to make some big decisions early on in their term.

Maybe @elonmusk and @DOGE can look into this as well. Someone has to!

*  *  *

https://www.zerohedge.com/markets/way-out-door-biden-emptying-coffers