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Paul Krugman explains why, even though the Federal Reserve didn't recently raise rates to control inflation (which they should have), the Bond Market increased yields anyway.

> The Bond Market Doesn’t Like Bullshit. https://paulkrugman.substack.com/p/the-bond-market-doesnt-like-bullshit

> … the 30-year Treasury rate spiked and the dollar fell slightly. In plain English, this was the equivalent of bond market traders running for the exits.

And now it's FAFO time for the USA dollar. Just don't use the 'D' (Deflation) word…

#economy #markets