The Bond Crisis Last Week Was a Global No-Confidence Vote in U. S. President Donald Trump

By Pam Martens and Russ Martens: April 13, 2025 ~ U.S. President Donald Trump’s reputation for chaos; his longstanding history of thumbing his nose at the rule of law; his unpresidential insults directed at world leaders and willingness to turn his back on longstanding U.S. allies; and his packing of top cabinet posts with preposterously unqualified loyalists – have now delivered the inevitable blow to two of America’s most critical financial assets in domestic and  international markets: the U.S. dollar and U.S. Treasury securities. Instead of performing their usual role as safe havens in times of turmoil, they are now indelibly linked to the Trump brand of erratic behavior. Both the U.S. Dollar and U.S. Treasury securities are in a downtrend, with the 10-year Treasury note taking a wild plunge in value last week. Mark Blyth, a political economist at Brown University, was quoted in the New York Times today with this … Continue reading →

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