We have plenty of evidence that governments are afraid of bond markets. In the US, fears of the retaliation of the bond market have driven the fiscal policy of both parties. And the amount of money traded in bond markets is enough to overwhelm weak governments and seriously affect even stronger ones.
|By: masaccio Sunday July 22, 2012 10:40 am|
Informed speculation suggests a whole lot of reasons to demand Romney’s tax returns for a number of years. Maybe his wife won’t let him?