Tuesday, May 17, 2011

The Invisible Attack Intensifies: Krugman

The Invisible Attack Intensifies

Those wily invisible bond vigilantes are at it again: as part of their cunning plan, they have driven the 10-year bond rate down to 3.11 percent.
As it happens, the Wall Street Journal has now been warning about the attack of the bond vigilantes for almost exactly three years.


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