Why the bond market is going ballistic (and no, it’s not just Iran)

may believe that the central bank is committed to bringing inflation back to its 2% maximum target — and that statement still has a giant asterisk over it — but they do not have confidence that either the president or Congress cares to help.

Our national debt is now as large as our entire annual economic output, a 100% debt-to-GDP ratio that we haven’t continue reading …