Trump gets RUDE AWAKENING as EVENT SPELLS DOOM
The recent 30 Year Treasury Auction was a disaster for the Trump administration. This is one of the primary funding mechanisms for the federal government and a signal of global faith in the U.S. economy. Demand for U.S. Treasuries was weaker than expected pushing yields uncomfortably high and increasing the cost of servicing the ballooning deficit. Trump’s tariff war is already showing up in inflation data with the worst yet to come. Everything is coming to a head to expose the fallacy of trickle down tax cuts and tariffs as a way to grow the economy and balance the budget. The market has spoken and it’s a bad sign of what’s to come as the administration runs out of runway to get the economy off the ground. Max from @UNFTR reports.
Source: Meidas Touch