“Tax hikes can’t make it through Congress. Nobody wants to cut spending. So, the fiscal situation that we’re in is far more precarious than it was back then [the last time yields were this high]. Rates should be higher.”
“Tax hikes can’t make it through Congress. Nobody wants to cut spending. So, the fiscal situation that we’re in is far more precarious than it was back then [the last time yields were this high]. Rates should be higher.”