Yakov Feygin @buddyyakov.bsky.social · 11/09/2026I reiterate that for all the deficit issues the reason for rates doing what they are doing is that the global trading system is in crisis and markets think the Fed Chair and Treasury Secretary are clowns. 417941
edgarageous.bsky.social @edgarageous.bsky.social · 11/09/2026Is the global trading system in crisis or are markets pricing in continued US inflation between 2.5-3.5%, above target for longer? Is there a balance of payments crisis, or have major G7 economies run out of fiscal space? Do treasuries have divergent prices like March 2020 or are the prices lowish 110
Yakov Feygin @buddyyakov.bsky.social · 11/09/2026Which is basically what MMT and adjacent approaches would predict in this situation. 1866
