@jnordvig @NathanTankus @Brad_Setser @bcaresearch @SoberLook All points well taken. What I had in mind was a more basic question about valuation of the stock. Why has the $ share fallen as much as it has?
Are bond vigilantes real? Yardeni himself suggests that as far as the US were concerned 1994 was the main case
February 28, 2021
Are bond vigilantes real? Yardeni himself suggests that as far as the US were concerned 1994 was the main case in point. Does that hold