Letters From The Wasteland

Letters From The Wasteland

There's Nothing Great About What's Next

Our wannabe emperor may have destroyed our bond market with his tariffs. There's no coming back from it if he has.

Thad Zajac
Apr 09, 2025
∙ Paid
Bond market yields exploding because everyone is selling US Treasuries.

I’m going to take a bit of creative license here and paraphrase one of my favorite films of all time, The Big Lebowski. Pardon the language.

You see what happens? You see what happens, Donnie ?! See what happens?! This is what happens when you fuck the markets in the ass, Donnie!

Fir…

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