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Forget Trump’s tariffs, the president’s bond market threat is worse | Heather Stewart
Elon Musk’s crazed takeover of America’s financial plumbing risks shattering confidence in US institutions and in turn global financial stabilityWhen Donald Trump gave an in-flight press conference en route to the Super Bowl last week, it generated a flurry of news, from the fresh threat of steel tariffs, to the declaration of, “Gulf of America day”.Much less remarked upon was a throwaway comment about the US’s financial obligations, which underlined the fact that tariffs are far from the only way in which Trump is jeopardising economic stability. Continue reading...
Elon Musk’s crazed takeover of America’s financial plumbing risks shattering confidence in US institutions and in turn global financial stability
When Donald Trump gave an in-flight press conference en route to the Super Bowl last week, it generated a flurry of news, from the fresh threat of steel tariffs, to the declaration of, “Gulf of America day”.
Much less remarked upon was a throwaway comment about the US’s financial obligations, which underlined the fact that tariffs are far from the only way in which Trump is jeopardising economic stability. Continue reading...
