Attention Economy


Tuesday, October 29, 2024

Bonds Markets Finally Pay Attention to US Fiscal Profligacy

Deficit Threat Drives Bond Yields Higher
https://www.wsj.com/finance/investing/deficit-threat-drives-bond-yields-higher-6a043d44
Investors expect Trump would widen budget gap with tax cuts
 
My take from 2023:
Fitch’s downgrade of US debt wasn’t a mistake — it was long overdue 
https://thehill.com/opinion/finance/4138215-fitchs-downgrade-wasnt-a-mistake-it-was-long-overdue/ 
America’s long-term fiscal sustainability challenge
https://thehill.com/opinion/finance/3965613-americas-long-term-fiscal-sustainability-challenge/