Governments in Bondage – Bond vigilantes have more power than presidents and other central planners, and they are no longer shy about using it to restrain governments.
by David Haggith Over the past week, Japan has taught us a lot about what can happen when “Big Beautiful Bill Meets Beautiful Bond Market.” Bigger government spending wedded to a bond market where yields are already rising can become a big, ugly marriage. An article on Quoth the Raven by that title says, GOP opponents of …