@WarrenPies What don’t you guys get 10 yr Treasury rates follow Nominal GDP, chart it …. see. Rates are headed higher and as long as they provide funding everything is gonna be OK.
@steve_hanke Trump’s war certainly hasn’t helped anyone and has harmed everyone. However, it’s not the reason rates are rising. In fact nominal GDP would most likely be even higher, which would lead to even higher rates with no war.
@LukeGromen You talk about fiscal dominance and even go so far as to imply financial repression, which suppress returns on savings. And yes we may end up there in time. Today, are we not experiencing monetary inflation which diminishes accumulated wealth?
@MarioNawfal@GeorgeGammon Mario you seriously need to interview Michael Howell @crossbordercap to put some perspective of what’s going on with credit markets.
His mentors are Homer Sidney and Henry Kaufman, there is no finer pedigree.