Trump listened to Tr Sec Bessent about the tariffs roiling the bond market.
The misunderstanding is the tax cuts and austerity are bothering the bond market much more than the tariffs.
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Interest rates rising on the 10 yr treasury was a concern. When stocks tank some sell and hold cash in money markets or bonds or treasuries. They are considered safe but buying should drive up prices and lower interest rates.
Rising rates imply international investors are selling. That implies losing confidence in the US and the dollar. Potentially very serious.
Some say damage has been done. The concerns may still be there. We shall see.
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The tax cuts leave the country unable to pay all the interest on the debt while rolling over much of the debt.
This morning’s misunderstanding in DC, the hardliners in Congress want lower deficits. That is not the issue. They want the tax cuts we can not afford.
We should be retooling the nation to take on the Chinese.
Under Trump we will waste 4 years.
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