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Beware Profligate Politicians—The Bond Vigilantes Are Back!

Summary:
Even as RBA Governor Lowe tried to sound dovish on the rates outlook he gained only limited traction and that highlights just how tough it will be for central banks to wrest back control of the narrative. The bond vigilantes are back, rising from their long sleep, and this time they are targeting complacent central banks instead of profligate politicians. https://www.zerohedge.com/markets/frankenstein-bonds-turning-central-bank-creators

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Even as RBA Governor Lowe tried to sound dovish on the rates outlook he gained only limited traction and that highlights just how tough it will be for central banks to wrest back control of the narrative. The bond vigilantes are back, rising from their long sleep, and this time they are targeting complacent central banks instead of profligate politicians.

https://www.zerohedge.com/markets/frankenstein-bonds-turning-central-bank-creators

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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