Congratulations to Trump for Spiking the Price of Oil and Bond Yields
Not everyone has powers like this.
Source: Mish Talk
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DW NOTE
Mish blames Trump for oil and bond moves that predate any policy action. WTI rose 12% last week not because of rhetoric but because the Strait reopened after a four-month closure and global supply fell 3.7 million barrels per day this year. The 10-year yield at 4.54% reflects a $1.25 trillion deficit through fiscal 2026 and 3.6% PCE inflation—neither of which began in January. Causation requires a mechanism, not just a date on the calendar.