*[…] In response to the growing crisis surrounding the bond market and the national debt, President Donald Trump, Vice President J.D. Vance and Treasury Secretary Scott Bessent are trying to talk the crisis down.*
*And they are doing so with their usual brand of nonsense and … er … “alternative facts.”*
*The most charitable explanation is that they simply think the $40 trillion Treasury bond market has somehow got it wrong and is mispricing interest rates and risk. That would be truly remarkable – and would offer the greatest one-way bet in financial history.*
Own-Chemist2228 on
*”I don’t understand…. it works with the voters, the controlling party in congress, and even the supreme court!”*
I honestly think they have been getting away with it for so long that they no longer understand that some folks make decisions using actual data. Many of the trading decisions aren’t even made by people, but by computers that are coldly objective.
They aren’t going to be able to gaslight their way out of this mess.
2 Comments
*[…] In response to the growing crisis surrounding the bond market and the national debt, President Donald Trump, Vice President J.D. Vance and Treasury Secretary Scott Bessent are trying to talk the crisis down.*
*And they are doing so with their usual brand of nonsense and … er … “alternative facts.”*
*The most charitable explanation is that they simply think the $40 trillion Treasury bond market has somehow got it wrong and is mispricing interest rates and risk. That would be truly remarkable – and would offer the greatest one-way bet in financial history.*
*”I don’t understand…. it works with the voters, the controlling party in congress, and even the supreme court!”*
I honestly think they have been getting away with it for so long that they no longer understand that some folks make decisions using actual data. Many of the trading decisions aren’t even made by people, but by computers that are coldly objective.
They aren’t going to be able to gaslight their way out of this mess.