This is how the Sovereign Debt Crisis begins. There is no dramatic announcement from the White House admitting that the system has failed. Officials speak of liquidity, market functioning, resilience, and temporary operations while quietly expanding intervention behind the scenes. The Treasury has begun supporting the market for its own obligations because it cannot permit investors to price US government debt without supervision. Once government must protect its debt from the market, the question is no longer whether there is a problem. The question becomes how long they can conceal it.
A jobs number this Friday, and a long weekend. Same shenanigans from the manipulators.
Getting even closer to the end game….