One Bubble to Rule Them All
@shortl2021
6/16. Nowadays, however, we have ratcheted up the Debt to GDP ratio each time we have opened the fiscal spigot. And the bond vigilantes no longer are the pussies they once were. "You want more money punk? Then pay up in the form of higher long-term interest rates!"
2024-11-22
One Bubble to Rule Them All
@shortl2021
6/16. Nowadays, however, we have ratcheted up the Debt to GDP ratio each time we have opened the fiscal spigot. And the bond vigilantes no longer are the pussies they once were. "You want more money punk? Then pay up in the form of higher long-term interest rates!"
2024-11-22
One Bubble to Rule Them All
@shortl2021
6/16. Nowadays, however, we have ratcheted up the Debt to GDP ratio each time we have opened the fiscal spigot. And the bond vigilantes no longer are the pussies they once were. "You want more money punk? Then pay up in the form of higher long-term interest rates!"
2024-11-22