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Couldn't get any more embaressing for both. 6 months ago they were behaving like a couple of old frat boys on stage saving America and now as expected, a public spat online. Saviours of the free speech and free world. There is no winner in this.
In other news, state of US Debt:
Three take-aways:
1️⃣ Interest payments on US national debt has now exceeded $1 trillion (that higher than spending on US defence or Medicare)
2️⃣ Investors are demanding hazard pay: 30-year Treasury yields burst above 5% as the term premium re-awakens.
3️⃣ The US Treasury halo is dimming: All three major rating agencies have removed the coveted AAA rating. Washington’s borrowing spree now costs roughly $108k per citizen.
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