BOND MARKET & STONKS NOT BUYING TRUMP'S "BIG BULLSHIT BILL"

Rampant low human capital

Trump's "Big, Beautiful Bill," a clusterfuck of corrupt, badly thought-out tax cuts and spending plans that the administration is trying to push through Congress by threatening to "primary" Republicans, is not doing well where it really matters -- the bond and stock markets.

After cowardly Republican Congressmen passed the bill, which will add $6 trillion to America’s already absurd $36 trillion debt, the bond markets weakened considerably, signalling that investors are increasingly wary of US government debt (essentially pricing in a future default). 

There was extremely weak demand for the 20-year bond at the auction conducted by the US Treasury on Wednesday afternoon. Meanwhile the stock market, which generally has a shorter term focus, as stock prices are not time-locked like bonds, was also weak. 

This fiscal feedback may even be enough to stiffen resistance to the bill amongst some Republican Senators, who typically have more backbone and independence from the party than Congressmen. But even in that case, the best that can be hoped for is for some amendments, probably focused on reversing some of the more idiotic cuts in the package, although this could actually make the bill worse, adding even further to US debt. 

The end result will almost definitely be a bill that will further weaken the increasingly shaky hegemony of the US dollar and push up interest rates. 

MAGA is clearly becoming MACA = "Make America Crap Again."