'This Won't End Well:' Elon Musk Reacts After Chamath Palihapitiya Calls Out Treasury, Fed For 'Huge Fiscal And Monetary Failure Of Action'
Portfolio Pulse from Shanthi Rexaline
Chamath Palihapitiya criticized the U.S. Treasury's plan to borrow $1.592 trillion from the private debt market, calling it a 'huge fiscal and monetary failure of action' between the Treasury and the Fed. Tesla CEO Elon Musk responded, saying 'This won't end well.' Treasury yields have been surging, pushing up the government's borrowing costs. The iShares TIPS Bond ETF (TIP) ended Tuesday's session down 0.25% at $102.80.
November 01, 2023 | 8:22 am
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The iShares TIPS Bond ETF (TIP) ended Tuesday's session down 0.25% at $102.80. The ETF could be impacted by the U.S. Treasury's borrowing plan and the criticism it has received.
The U.S. Treasury's borrowing plan and the criticism it has received could impact investor sentiment towards U.S. Treasury bonds, which TIP tracks. This could lead to a decrease in TIP's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80