US EditionTrumponomics Could Bring Far Worse than Inflation
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Trumponomics Could Bring Far Worse than Inflation
When Donald Trump backed away from his trade war—sorta—last week, most people attributed it to the collapsing stock market. But when he explained his change of course, Trump cited a different class of assets: U.S. government bonds—aka Treasuries—were falling in price, meaning the yield they were paying to attract investors had increased. “The bond market is very tricky,” Trump said. “People were getting a little queasy.” He stressed that things …
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