The Market Ticker - This Is Almost Too-Stupid For A Response

Almost....He had been asked about his Truth Social post earlier in the day declaring, “LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT.”Trump issued that sweeping ultimatum after urging the Fed and its chairman, Kevin Warsh, to “get smart” and cut rates following a much-stronger-than-expected monthly jobs report.Oh boy, threats!Speaking of deficits the US Government is running approximately a 6% fiscal deficit as a percentage of GDP. This means Treasury is deliberately emitting that in additional credit compared with tax revenue. All things being equal since time has value the one-year Treasury rate should be somewhat over 6%, say, 6-1/4, since only a complete.......

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