Surveillance: Bonds Will One Day Throw a US Debt Tantrum, Bianco Says
The US debt burden has been increasing for years, seemingly without consequences. But that will eventually change, says Jim Bianco of Bianco Research
The bond vigilantes will eventually force the US to cut its debt, says Jim Bianco of Bianco Research
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For years, the US debt pile has been growing. For years, naysayers have warned that there would be consequences to this — higher borrowing costs, a less valuable dollar, outcry from constituents worried about the nation's international reputation.