do we have to watch the same playbook being played out?? I’m sick and tired about hearing about the “bond vigilantes.” Bessent has already said that doubling of their debt buybacks makes the bond vigilantes null and void.
And I have to believe that the Fed and the BLS have already “cooked up” a perfectly weak jobs number that will, ONCE AGAIN, assuage inflation fears, stocks can go back up, and the boot on the neck of the metals will be eased off.
It’s like watching The Wizard of Oz for the 200th time, expecting a different ending.