Which poor son of a bitch gets the job of trying to explain this to Trump is a way that he understands?
Reposted from
Jesse Eisinger
Ok what’s going on here?
Yields are going up which means bond prices are going down.
Fewer buyers of the world’s safest asset.
Normally when the economy slows, there’s a flight to safety, not away from it.
Means the world may be abandoning America.
We are flirting with a true crisis.
Yields are going up which means bond prices are going down.
Fewer buyers of the world’s safest asset.
Normally when the economy slows, there’s a flight to safety, not away from it.
Means the world may be abandoning America.
We are flirting with a true crisis.
Comments
Trump: Tariff the bonds. That’ll fix it! Golf time!