Angling for the job of Treasury Secretary in the Clinton administration?
Who says the Fed can’t have fun at our expense?
Wolf Richter with hosts Max Keiser and Stacy Herbert.
At a breath-taking pace. Default rate spikes. US stocks at record.
Bond bull Gundlach makes U-turn, goes “maximum negative” on Treasuries.
The foundations have crumbled. All bets are off.
Record moneys suddenly pile into the material that debt crises are made of.
We just had a propitious day in our negative-yield pandemic.
Here’s the gloomy scenario the “smart money” is betting on.
No one knows how to back out without blowing up the whole system.