US EditionKing Trump vs. the Bond Market | by Kenneth Rogoff - Project Syndicate
5 Articles
5 Articles
King Trump vs. the Bond Market | by Kenneth Rogoff - Project Syndicate
While US President Donald Trump promises that his “big, beautiful” tax and spending bill will supercharge growth and that tax cuts will pay for themselves, history offers little support for such claims. With no appetite for fiscal discipline, the question is not whether there will be a reckoning, but what form it will take.
The stock markets seem to ignore US President Trump's policy in the meantime. However, the bond and foreign exchange markets look quite different. Panic hereIf a country's finance minister has to explain that the debt is safe – that's usually not a good sign. Often the opposite is true, and the countries are already in default. In this respect, it was not surprising that the markets were full of horror when US finance minister Scott Bessent made…
Bond Market Paradigm Shift? - Nemos News Network
Via RealInvestmentAdvice.com, Some bearish bond investors in Japan and the US appear to believe that a paradigm shift is underway in the sovereign bond markets. To wit, consider the following statement from Jim Bianco on Thoughtful Money: “If these deficits are really going to kick in and cause problems, these rates are going to go much […]
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