Similar to the expendable teenagers trying to evade a schlock film killer, the US Federal Reserve and Congress can be relied on to do the stupid thing.
Back when Hollywood was fully functional, horror movies were reliably released around Halloween, or, sometimes, whenever there was a Friday the 13th.
This year, though, the horror movie in US Treasuries, the mother of all contemporary markets, is being played over the northern summer and early autumn.
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Financial Times
John Dizard is a columnist for the Financial Times.
