Opinion
US bond market bomb could blow up the world economy
Despite conflicting monetary and budget policies, can Jay Powell get inflation down without unexpected collapses in financial markets? We should all hope so, but it is no certainty.
Ed ShannEconomistJoe Biden keeps spending while Jay Powell is raising interest rates to tame inflation.
Former British prime minister Liz Truss blew up the UK bond market by offering unfunded tax cuts.
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Dr Ed Shann is an independent economist.
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