- October 22, 2018
- Blog , The Portfolio Strategist - Terry Gardner
C.J. Lawrence Weekly – Is U.S. Economic Growth Reaching a Peak? The Bond Vigilantes May Tell Us.
In the early 1980’s our former Deutsche Bank colleague, Dr. Ed Yardeni, coined the phrase “Bond Vigilantes” to describe bond market reactions to loose fiscal policy. When the federal government threatened to ramp debt-fueled spending, the Bond Vigilantes would ride in, sell treasuries, and p...