Yardeni coined the term “bond vigilantes” in the early 1980s = investors who exert power over Govs by selling their bonds, or merely threatening to. Now dominant presence in markets is Fed, a kind of ANTI-vigilante, which does opposite of all those things.
bloomberg.com/news/articles/… https://t.co/EmVDsbwlwx
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…