The rationale for the recent runup in Treasury yields is that that the economy will strengthen under El Presidente Cabeza Grande Trump. Supposedly El Presidente's wise and stimulative policies will make the economy grow 5%. Hey, if El Presidente Cabeza Grande says it, it must be true! And the Wall Street pundits, with their infinitely perspicacious analytical capability have wisely concluded that this means that inflation will rise.
The Only Problem In The Treasury Market Is Increasing Supply and Weakening Demand
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.