If the plan is to let the stock market go and drive bond yields lower to make the trillions in debt that needs to be rolled over this year more manageable, it is being executed flawlessly by Trump and Bessent.
Discussion
Seems like the plan. I'd guess it hurts every fiber of trump's being since he typically equates the stock market with the economy
Yes and so do his followers
Missing a big wrinkle. There has been no NET NEW debt sold since we hit debt ceiling in Jan.
Once that passes in a few months, borrowing needs EXPLODE 🤯
Yields will go back up. Dramatically. And Fed will have to come back in as buyer of last resort….
💵 🔥 = 🍊🚀
PURE PRESIDENTIAL INCOMPETENCE BECAUSE TRUMP SAID SO WHEN THE S&P500 CRASHED **2%** LAST YEAR UNDER BIDEN.
I keep wondering if this is the first unlock for these hypothetical bit-bonds. Seems like a solid way to push interest rates on bonds down further.