… fragile we are because of our borrowing, the amount of insatiable borrowing we go through, and my sarcastic comment that happens to have the benefit of being almost true, that The bond market is the one that pretty much now will run this country. And I actually can prove part of my thesis the last week because we here made it a couple weeks without looking like a clown show. We got some decent inflation data. (00:55–01:01)
CLAIM
Asserts that the bond market has significant control over the U.S. economy.
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