( #BondVigilantes? Give me a break! )
Above-target inflation and higher nom growth will prevent debt-to-GDP from exploding, #Fed always has the ability to step in if necessary, and Govt could regain some «fiscal discipline» - chart @darioperkins.bsky.social #TSLombard

The main institution that is standing b/w Trump and the #devaluation is the S&P,” said Freya Beamish, chief economist at #TSLombard, referring to the benchmark US equity index. Any kind of aggressive step to devalue USD “would send shock-waves through the global financial system.