agip wrote:
Stocks selling off, bonds selling off as markets come to realize a crazy person is in charge of the most important nation, economy and army on the planet, with only weak checks and balances to his insanity.
10-year yield. It is portending. Secular inflation genie out of the bottle because of massive Covid overstimulus. $36 trillion debt and 125% debt/GDP, basically we are gluttons who borrowed our way to “growth.” A trillion dollars in short term maturities that need to be rolled over. And, of course, the threat of protectionism.
We have to pay the piper at some point.