The Bond Market Is Flashing a Warning Nobody in Washington Wants to Fix
Dr. Mark Thornton, Senior Fellow at the Mises Institute, joins Julia La Roche to explain why the bond market is the pivotal story right now. The 10- and 30-year Treasury yields are back above 5%, the national debt is over $40 trillion, and deficits are running at about $2 trillion a year. Thornton argues that this is wartime-level borrowing during supposedly good times. It crowds out private investment, weighs on wages, and widens the K-shaped divide between asset owners and everyone else. He explains why he thinks the Fed's recent hike won't be its last. In his view, Chairman Warsh and…
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