Cradle-To-Grave Stimmy, Part 1: How We Got Here

You would think that knuckleheads like Senate GOP Leader Mitch McConnell would finally wake up. Last night the biggest spender since LBJ and FDR combined laid-out Part 3 of a $6 trillion in 100 days spending spree—which comes on top of the Donald’s $4 trillion fiscal bacchanalia last year. Yet the bond vigilantes barely wiggled their small toe.

Indeed, at 1.65%, the 10-year UST is still buried deep below the running inflation rate, which rate itself is on the verge of lift-off.

SUBSCRIBE TO CONTINUE READING

$39
Monthly
$99
Quarterly
$365
Yearly



Already a subscriber?

Login below!