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Trump administration 2024-2028

And there we go, ten year T bills trading at over 5%… Oil continuing to steadily climb with Brent and WTI both solidly over $100/bbl. Get ready for more angry presidential noises and blame deflection. He’ll be increasingly hellbent on finding distractions from the economic damage of his policies.
 
And there we go, ten year T bills trading at over 5%… Oil continuing to steadily climb with Brent and WTI both solidly over $100/bbl. Get ready for more angry presidential noises and blame deflection. He’ll be increasingly hellbent on finding distractions from the economic damage of his policies.
Long-term rates aren't just a US problem, and are a consequence of many factors.

See here.

"For insight, I plot some of the international pattern. (Sorry, Fred only goes to June for the other countries.) It’s a global phenomenon. And it lines up roughly with fiscal policies. The US actually looks a lot like the UK, everyone’s favorite advanced-country fiscal and economic stagnation basket case. So much for exorbitant privilege, the idea that the “reserve currency” status of the dollar means we can borrow at low rates. But Germany isn’t far behind, and Japan has shown the steepest increase as its fiscal problems seem finally to be catching up to it."
 
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