"The ECB “can and must react against” any unwarranted rise in bond yields”
Whereas Yardeni once imagined bond vigilantes restoring financial order, today central banks judge & police the markets.
Chartbook Newsletter #14 digs into the bond vigilante myth
bloomberg.com/news/articles/… https://t.co/tmw2i1hQRp
Defying gravity was the theme of a talk I gave for the @LRB about US hegemony youtube.com/watch?v=09s-T7… Continuous improvisation and
Defying gravity was the theme of a talk I gave for the @LRB about US hegemony youtube.com/watch?v=09s-T7… Continuous improvisation and reinvention is key to survival