A @nytimes.com op-ed by Ben Harris & me.
When financial markets start to worry that the bus could go careening off the side of the cliff - we will get the fiscal crisis that people have worried about for decades.
Brought on by political malpractice.
https://www.nytimes.com/2025/02/18/opinion/trump-debt-bonds-treasury-interest-rates.html?unlocked_article_code=1.x04.vpu8.QK0XMEg02DNj&smid=url-share
When financial markets start to worry that the bus could go careening off the side of the cliff - we will get the fiscal crisis that people have worried about for decades.
Brought on by political malpractice.
https://www.nytimes.com/2025/02/18/opinion/trump-debt-bonds-treasury-interest-rates.html?unlocked_article_code=1.x04.vpu8.QK0XMEg02DNj&smid=url-share
Comments
& they told everyone this literally right before the election. & somehow still won. 🤦🏻♀️
you barely mentioned the risks of EU / BRICs moving off the USD reserve currency.
EU might move off, BRICs might stay to show favor.
Politics can drive irrational behavior (on both sides).
Trump showed his cards 2 weeks ago that this would be major leverage against him.