April 16, 2025
By Gwynne Dyer
Not only did Trump blink first, but he blinked at exactly the right time.
Ten days of chaos was long enough to convince non-American traders that Trump’s America has become a place you cannot trust or make deals with – but brief enough that the bond vigilantes still had time to step in and stop the folly before the Greatest Depression got underway.
Trump was shocked by the bond market sell-off and caved instantly. Indeed, when he announced on Friday that h…
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