The $40 trillion national debt and the bond market’s revolt: top Wall Street strategists explain how we got into this mess
Source ↗
👁 0
💬 0
Total U.S. debt crossed $40 trillion for the first time this month. In the week since, two of Wall Street’s most closely read economists independently arrived at the same diagnosis: nobody in Washington is going to fix this, so the bond market will do it instead—whether the Treasury Department likes it or not. They also got a major helping hand from an AI-assisted column in the Wall Street Journal by hedge fund legend Stanley Druckenmiller.
On Tuesday, David Kelly, chief global strategi
On Tuesday, David Kelly, chief global strategi
Comments (0)