Revolt in the Bond Market: Jim Bianco on Why the Fed’s Rate Cuts Are Backfiring

Fantastic interview. I always appreciate Jim Bianco outlook. Brilliant.

If Liz Truss moment happens in USA Trump will ask FED to buy out the bonds and drive the interest rates lower, which is called yield curve control. It is this type of stupidity as to why we are in this mess, i.e., FED should have never done QE, even if they did it, they should have kept it very little and reverse back as soon as things improve; but FED did this non-sense for a decade, destroying all balances and checks