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Fiscal Armageddon—Another Bastard Progeny Of Keynesian Central Banking

Summary:
The yield on the 10-year US Treasury (UST) fell to a low of 0.52% early Friday morning, prompting Deutsche Bank’s chief credit strategist to marvel out loud: ……the current nadir in the 10-year yield went back 234 years, based on data spliced together from the various times the U.S. government has borrowed money in the […]

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The yield on the 10-year US Treasury (UST) fell to a low of 0.52% early Friday morning, prompting Deutsche Bank’s chief credit strategist to marvel out loud: ……the current nadir in the 10-year yield went back 234 years, based on data spliced together from the various times the U.S. government has borrowed money in the […]
David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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