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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label Bond vigilantes. Show all posts
Showing posts with label Bond vigilantes. Show all posts
Sunday, June 08, 2025

Is the Philippines on the Brink of a 2025 Fiscal Shock?

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  You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt. They do...
Sunday, November 03, 2024

Fear the ‟Trump Trade‟ or a Pushback on Fed Policies? Trump or Harris: The Era of the Bond Vigilantes is Upon us

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An election is a moral horror, as bad as a battle except for blood; a mud bath for every soul concerned in it—George Bernard Shaw In this is...
Sunday, May 22, 2022

Treasury or Bond Vigilantes Return with a Vengeance, Compels the BSP to Implement its First Rate Hike!

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  Governments resist austerity. Politicians buy votes with spending. But because they do not control their domestic currency systems in Euro...
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