Ship of fools: Biden's incompetent economic team
Has any president ever assembled a more incompetent and less impressive Cabinet and group of senior advisors than President Joe Biden?
Source: washingtontimes.com
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The Capital Letter: Bond Worries, Asceticism & More
A “storm” swept through the US government bond market on Friday, sending a key measure of long-term borrowing costs to the highest level since last February. Treasuries dropped in overnight trading after a large sale of long-dated bond futures in Asia, according to people familiar with the matter. Yields on the benchmark 10-year note, a key marker across global asset markets, jumped to 1.63 per cent, having traded around 1.53 per cent the day before. Analysts said the scale of the move underscored how jittery the $21tn market had become against the backdrop of a more robust economic rebou...
Source: nationalreview.com