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[-] otter@lemmy.dbzer0.com 1 points 11 months ago
  1. No.

  2. "Tomfoolery"? Step away from the idiot box, gramps.

[-] JustMy2c@lemm.ee -4 points 11 months ago

Sure granny, go believe them,I'm sure those 2 trillion arnt in some loss leading 1% government bonds

[-] jmdatcs@lemmy.tf 6 points 11 months ago* (last edited 11 months ago)

Have you not been paying attention to what the Fed has been doing? Pardon my language but shoving cash up my asshole earns more than 1% these days.

In 2022, before most of the rate hikes, the trust fund earned $66.4 billion. This year's high, and hopefully very temporary, interest rates aside, it'll usually be around 2.5-3%.

I'm not sure what you think loss leading means or why you're using it here, but governments storing reserve money earmarked for a specific purpose in their own bonds isn't unusual or a bad thing. Should they stuff it under a mattress earning 0%? Should they risk it in the markets? Unsecured domestic bonds? Foreign bonds?

[-] JustMy2c@lemm.ee 1 points 11 months ago

Sorry, I must admit I'm not from the us and I may have been more talking/afraid for my local governments funds.... Thanks for the great explanation tho!

[-] otter@lemmy.dbzer0.com 1 points 11 months ago

So pissy you can't even type straight? Breathe, tiger. Go touch grass.

[-] JustMy2c@lemm.ee 2 points 11 months ago

Now you're cheating, cause that would be good advise always.

this post was submitted on 26 Nov 2023
1366 points (94.5% liked)

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