This is exactly right.
What we are seeing is the “Insane Trump Premium” being demanded by investors for Treasuries.
His next move could be default on the US debt = Treasuries.
He won’t honor his own trade agreement he made in his 1st term.
The “No President Would Ever Do That” guardrail is gone.
What we are seeing is the “Insane Trump Premium” being demanded by investors for Treasuries.
His next move could be default on the US debt = Treasuries.
He won’t honor his own trade agreement he made in his 1st term.
The “No President Would Ever Do That” guardrail is gone.
Reposted from
Julian Sanchez
Treasury bonds are “safe” to the extent the U.S. is viewed as stable and certain to honor its commitments. But we’re in thrall to a lunatic who just slit the throat of the global market for no reason & obviously thinks nothing of casually shirking obligations. So why would anyone view us that way?
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