Let the Bond Market Speak
wsj.com
2 threads
> Every basis point of artificial yield suppression is a subsidy to procrastination.
Trump's entire modus operandi for his entire career has been to heavily borrow against the future to chase short term benefits, and hope that the consequences can be tossed on someone else's shoulders.
Pretty good summary of a real estate developer mentality: Heads I pay off my loan and get a return on my equity, tails the bank is gonna be stuck with the mortgage.
This is on paper one of the most "financially literate" cabinets ever (Bessent, Feinberg, Lutnick, Wright, Burgum, McMahon, etc.) but in practice most of the policies are degen gambling.