美國經濟

America’s rising ‘moron premium’
美國國債的「傻瓜溢價」風險

Trump’s mercurial war on economic orthodoxy is making markets jittery
盧斯:就相信減稅而言,川普與之前幾位共和黨總統頗爲相似。但他可能像英國前首相特拉斯那樣,因爲不尊重經濟規律而受到市場懲罰。

The name’s bond. Treasury bond. The only force that has so far been able to stop Donald Trump, or at least make him rethink, is the US Treasury market. Republicans are supine; Democrats are in disarray; chief executives have taken cover; and America’s foreign partners tiptoe around Trump like he’s a minefield. Some judges are throwing sand into the gears. But they have not reversed Trump’s direction. Aside from Russia’s Vladimir Putin, what Trump fears most is the rising price of money.

名字叫債券。美國國債。迄今爲止,唯一能夠阻止唐納•川普(Donald Trump)——或者至少讓他三思——的力量是美國國債市場。共和黨人形同躺平;民主黨人陷入混亂;執行長們紛紛明哲保身;而美國的外國夥伴小心翼翼地躲避川普,生怕踩到地雷。一些法官朝著川普啓動的機器撒沙子,但他們未能扭轉他的大方向。除了俄羅斯的弗拉迪米爾•普丁(Vladimir Putin),川普最怕的是資金價格上漲。

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