Reuters – Marketmind: One coin to rule them all

Reuters – Marketmind: One coin to rule them all

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  1. tldr; The idea of Treasury Secretary Janet Yellen raising $1 trillion-dollar through a single coin to avoid a default seems like a fantasy, akin to Tolkien’s Mordor-minted creation in Lord of the Rings, writes Julien Ponthus. “This week’s equity and bond selloff do seem to be pointing to the end of Goldilocks, that sweet spot when markets bask in an environment of not too hot, not too cold economic growth and inflation,” he added.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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