Markets may be focused on rising inflation and bond yields, but this doesn’t fully explain the forces at play here, or the potential ramifications. One of these can be seen by the diverging spreads in government bond yields as an enforced tightening monetary policy removes central bank ability to artificially suppress funding costs for the […]
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So if Trump’s tariffs are going top hurt the US so much why is the US dollar going up by so much? If Trump’s tax reductions are going to increase the budget deficit, why are currency markets so unconcerned? It is because currency markets understand Trump is going to win. His tax cuts are […]
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