The Bond Market Is Voting No — And Nobody in Washington Wants to Say It Out Loud
Long-term Treasury yields are rushing toward 5%, foreign creditors are heading for the exits, the Treasury Department is quietly monetizing its way out of a buyers’ strike, and the President is threatening to break the Federal Reserve so he can build a gilded arch. This is not a spreadsheet problem. It is a leadership crisis.
The Bond Market Is Voting No — And Nobody in Washington Wants to Say It Out Loud Read Post »
