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Trump’s Policies May See Return of ‘Bond Vigilantes’, Nouriel Roubini Says
Donald Trump’s return to the US presidency could see the re-emergence of the “bond vigilantes” if he follows through with his big spending plans, Nouriel Roubini said. “The market discipline is going to be quite quick,” if Trump pushes to make his 2017 tax cuts permanent, Roubini told Bloomberg Television on the sidelines of the UBS Australasia Conference in Sydney on Tuesday. That could curb against more “radical” economic policies, he said. Trump “cares about market discipline, and if bond yields go higher and the stock market corrects and the bond vigilantes say your policies are unsustainable — ... (full story)