On January 10 Moody’s, in concert with the other main bond rating firm, Standard and Poor’s, gave the United States its top AAA credit rating. The terrorist blackmail threat came…

…markets. In essence, he argues that the US has issued so many dollar debt instruments, and exporters have accepted so many of them over the years, that we are locked…

…to one, limited only by their self confidence and taste for risk. Private equity, which might be better named private debt, gets its astronomically high rate of return on equity…

…by draining money from the economy through bond sales. “This policy revision is an important reform in foreign exchange management,” the agency said on its Web site. “The implementation of…

…was debt. The first George Bush was forced, finally, to raise taxes (despite what people may have read on his lips) because the bond markets were in full-scale revolt. What…

…in capital or labor tax rates when lump-sum taxes (or transfers) are used to balance the government budget. This paper considers the consequences of bond-financed tax reductions that bring forth…

…the increase in the money supply associated with higher dollar reserves by issuing renminbi sterilization bonds (selling reminbi bonds for reminbi cash) at current exchange rates. The PBoC ends up…

…January, the yields on inflation-adjusted bonds (TIPS) have risen almost as much as yields on nominal bonds, suggesting that the rise in nominal bond yields is not primarily due to…

The 10-year bond is yielding over 4.7% this morning. That’s the highest long-term interest rate anytime in the past year: Note: 10-year interest rate expressed in tenths of a percentage…

…side, the bond-market/interest-rate/gold-also crowd on the other. Meanwhile, each month the consumer price index comes out with a relatively low reading. If the accuracy of a theory is demonstrated by…