While the bond market hasn’t been overtly reacting to President Donald Trump's budget plan, bond vigilantes are still prepared to police the deficit when they feel it’s necessary. Ed Yardeni, who coined the term in the early ’80s, says these vigilantes are now more powerful than ever.
Watch CNBC's "America's Deficit Reckoning" on cnbc.com to learn how the U.S. debt spiral could spark a crisis.
--
Support podtube.me continuity as a free service. Become a Patreon or make an one-time donation
--
Video at Youtube: https://www.youtube.com/watch?v=jy2p5lKquOc