Crisis style budget deficit, but there is no crisis yet!
Given that much of this deficit is funded by short term bills, then interest rates could rise substantially.
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The FT and WSJ act as rags most of the time.
The money managers offload assets on the readers.
In this case it is the opposite, the money managers are buying and talking down what they are buying. Always looking for an advantage these papers are crappy.
Rates and the yields will mostly fall over the next two or three years.
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We need to have sane fiscal policy, but our government is hopelessly divided between anarchic Republican House and exasperated Democratic Senate, between Congress and White House, and with a SCOTUS gone both senile and cuckoo, and lacking legitimacy.
Good luck on getting a sane solid long term strategic fiscal policy out of that mess.
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