### Comment:
it’ll take more than the current levels of QE for that to happen. Also relative to us the whole world is going crazy with negative rates so i dont think the US is poorly positioned to respond in the event of a recession.

### REPLY:
We (USA) are such a bad credit risk that we can't go negative. The fact that buyers pay to hold their treasuries and we pay have to pay buyers to hold ours shows how much of a worse position we are in.

### END.