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Ideology-Driven, Inflationary Trump Tax and Tariff Policies Losing War With Bond and Currency Markets
nakedcapitalism.com/2025/05/ideology-driven-inflationary-trump-tax-and-tariff-policies-losing-war-with-bond-and-currency-markets.html
Even though the business press likes to obsess over the ponies stocks, as we saw with Trump’s tariff climbdown, it’s the bond markets that hold the whip hand. Yes, we understand full well that according to Modern Monetary Theory, this should not be so. But since the Federal Government…
This story appeared on nakedcapitalism.com, 2025-05-21 09:55:24.