Showing 1 - 3 of 3
Elon Musk and his US$2 trillion fiscal fantasy
News, Jeffrey Frankel, Published on 27/11/2024
» When the US presidential election was called for Donald Trump, the yield on ten-year US government bonds increased from 4.3% to 4.4%, and the 30-year-bond yield rose from 4.5% to 4.6%, with both remaining at those levels ten days later. As the bond market declined -- higher yields mean lower prices -- the stock market rose. Clearly, investors expect the next Trump administration to produce higher government budget deficits and more debt.
Debt bailout warning
News, Editorial, Published on 25/11/2024
» The Paetongtarn government has announced a bold policy to address Thailand's mounting household debt crisis. The initiative includes a three-year suspension of interest payments for mortgages, vehicle loans and loans for small and medium-sized enterprises (SMEs), among other items.
What Trump's win means for the climate
News, Gernot Wagner, Published on 11/11/2024
» Elections are supposed to clarify policy uncertainties, and on the economic front, Donald Trump's victory over Kamala Harris has done just that. All three major US stock indices and US Treasury yields jumped after Nov 5, reflecting expectations of both strong economic growth and soaring debt and inflation.