Is the Bond Market Threatening the Deficit Spending Consensus, and Will It Reverse the Inflationary Asset Boom?
From The Daily Capitalist
January 29, 2013 - 9:18pm
With the interest rates the U.S. Treasury having to pay rising almost daily now, despite the Fed’s renewed Treasury bond-buying program, the expectations the government has had for its interest expense are looking low now. We shall just have to see whether tax receipts are rising by at least the same amount as interest costs [...]Continue reading this article »