I wrote last week about how, as they get older, Conservative party voters supposedly are becoming more fond of government, especially its pensions and health care. This has persuaded some strategists that the party needs to reconsider its antipathy to big government — though recent Conservative governments haven’t actually been very anti-government. Read More
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Bond vigilantes are doing the Fed’s dirty work: Chart of the Day
Fed Chairman Kevin Warsh left interest rates unchanged on Wednesday. Bond investors tightened the screws anyway. The 30-year Treasury yield climbed another 6 basis points Friday to 5.27%, its highest…






