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Bill Dudley: Look Out America, Here Come the Bond Vigilantes
If US officials don’t do something about the government’s fiscal problems, the bond market will. As recently as the early 1990s, America's leaders cared a lot about how bond investors would react to their decisions. James Carville, a political strategist for Bill Clinton, famously said that he'd like to be reincarnated as the bond market,
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Posted: March 13, 2023 Monday 06:00 AM