Well in a downturn debt usually gets cycled from private holdings to public holdings.
After the economy rights itself, governments should be eager to unwind their positions, but this doesn't always happen.
The Fed has been doing some quantitative tightening for a while, and if we're now entering a proper recession, we'll soon get to see if they reloaded enough bullets.
After the economy rights itself, governments should be eager to unwind their positions, but this doesn't always happen.
The Fed has been doing some quantitative tightening for a while, and if we're now entering a proper recession, we'll soon get to see if they reloaded enough bullets.