Loading ...“I cannot tell you how rare a market condition this is – that yields are rising into this risk pullback,” he wrote in a note to clients Friday.
This rare occurrence of bond yields rising even as stock markets decline was a feature in 1987 and 1994″
It’s called voodoo economics for a reason: because you have to be a total fucking zombie to believe in it…RepubliCons believe that trade is *free* and money is *free*, they’ll be shocked to learn they’re wrong on both counts. To be true, they were monkey hammered pretty good this week, but as we know, it takes a lot to get a zombie’s attention. So the beatings will continue until morality improves. Contrary to popular belief, Friday’s mega budget did nothing to allay the bond market…
“Don’t worry, this is just a feature”
This week, the bond market REPUDIATED Trumpfuckistan outright. Now, boy-men all over Zerohedge are crying for more Fed dopium to bail them out of their over-leveraged trades. Unfortunately, that is SHEER fucking fantasy, because the Trumptard tax cut and this week’s mega-budget have now boxed the Fed further into a tightening regime. As always, don’t take my word for it:
NYT: RepubliCons Only Hate Spending When Democrats Are In Office