@izakaminska A mildly competent treasury sec who would have been able to get ahead of that narrative. Just the fact only the "smartest non-ideological money" (that s a new mouthful) apparently understood his move, defeats your point.
@ojblanchard1 Le Pen was 6 yrs old when the French last ran a balanced budget. And Macron's been in charge since 2017 - "quoi qu'il en coute" and the yellow jerseys were his mistakes, not MLP's. That's what French yields reflect.
@gerenek@Domestique___ Joke apart, you are allowed to push cyclists actually. But for ladies, it is advisable to push the saddle. Helpers do that all the time.
@AskAndyCampbell@JustinWolfers@NickTimiraos A not so wild guess here - Andy Campbell's not a WSJ subscriber. So where do you read what Timaraos stenographs about? and if you don't read it, why are you opining on this at all?
@SantiagoAuFund a CB selling their own fiat currency to buy USD is selling their "family jewels"? What am I missing? In any case - if you think USD is in high demand, you may want to take a second look at 10yrs.
@citrinowicz Does America and the World really need to reopen Hormuz in the near term, however? or is the mere passing of time and increasing alternatives to exporting oil playing against Iran and strenghtening American leverage?