ABCNEWS - Government borrowing costs hit highest level since 2007
High bond yields put upward pressure on mortgage and credit card rates.
AMERICANTHINKER - The return of fiscal QE
By Peter C. Earle America’s long-run economic health depends on productivity, innovation, investment, and sound public finances; not merely on whether government borrowing is packaged in three-month bills, ten-year notes, or thirty-year bonds.
NYTIMES (Joe Rennison) - Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision
The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
THENATIONALPULSE (Pulse Wires) - Farage Warns of ‘Leftward Shift’ Under New UK Govt, Demands Snap Election.
Nigel Farage has criticized new Prime Minister Andy Burnham's government for pursuing a "leftward shift" without a voter mandate and called for an immediate General Election.
Nigel Farage has criticized new Prime Minister Andy Burnham’s government for pursuing a “leftward shift” without a voter mandate and called for an immediate General Election. PULSE POINTS WHAT HAPPENED: Nigel Farage has called for an immediate General Election now Andy Burnham has become Britain ‘s new Prime Minister, arguing that the new premier lacks a public mandate to pursue major political and economic reforms. Speaking to supporters in Norfolk, England, the Reform UK leader said Burnham’s administration would move the country “further to the left,” predicting higher taxes, increased government borrowing, and policies that would cost households the equivalent of thousands of pounds. DETAIL: Farage noted that…Open
NYTIMES (Joe Rennison) - Sell America Is the New Trade on Wall Street
Investors are increasingly souring on the United States, as illustrated by the declining dollar, the stalled stock market and rising government borrowing costs.