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COULD TRUMP BE SETTING UP DEMS TO DEAL WITH AN IMPLODING BOND MARKET? Quinn Thompson on Forward Guidance lays out the provocative theory that Trump may be keeping the bond market at bay until after the midterms, when Democrats could take control of Congress and inherit the consequences of years of runaway spending. At that point, the admin could “let the bond market go,” creating the crisis needed to finally force Congress to cut spending, with Democrats taking the blame. “You kind of need a crisis or event” to force real legislative change and confront the tsunami of national debt.
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