"There is good reason to think that we may be entering fullblown bond market meltdown. The headlines of Bloomberg and the FT and the WSJ all concur. The bond market is the story. This is not normal."
Reposted from
Caleb Crain
"The bond market is normally a highly technical place that remains out of sight. It is the plumbing. When the plumbing becomes the story, a different crew takes over."
The existential dread among finance insiders now, described by @adamtooze.bsky.social, who wrote the definitive book about 2008:
The existential dread among finance insiders now, described by @adamtooze.bsky.social, who wrote the definitive book about 2008:
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Who out there is an attorney who is willing to fight for the people in a class action lawsuit against the sitting President?