Normally, investors rush into Treasurys at a whiff of economic chaos but now they are selling them as not even the lure of higher interest payments on the bonds is getting them to buy. The freak development has experts worried that big banks, funds and traders are losing faith in America as a good place to store their money.
“The fear is the U.S. is losing its standing as the safe haven,” said George Cipolloni, a fund manager at Penn Mutual Asset Management. “Our bond market is the biggest and most stable in the world, but when you add instability, bad things can happen.”
That could be bad news for consumers in need of a loan — and for President Donald Trump, who had hoped his tariff pause earlier this week would restore confidence in the markets.
Yeah, sure, Orbán was a really bad hire, he was an opportunistic megalomaniac way back then. One of his classmates described him getting sad upon learning that only US-born citizens can be nominated for POTUS, as he felt bad about any limit being put on his ambition.
The grants were specifically for politicians, there was no shortage of doctors or teachers relatively speaking back then, that is a more recent development.
But back to the topic, it is very hard to build democracy in a country where previously there was no real history of it, and it is especially hard to do it from across the pond. I am not blaming Soros for Orbán, but I do wonder how his other protegés turned out.
I don’t necessarily disagree with you, but I’ve never read anything else like what happened in Hungary.
I’m Finnish, and they almost rat-fucked us and Sweden out of joining NATO for (private) pocket change from russia, so I hear ya and agree about Órban. I do however doubt that fucking up NATO and the EU was Soros ambition back then.
Oh no it wasn’t, that’s not what I’m saying. I don’t think it’s Soros’ fault, he meant well, maybe wanted to do something for the homeland that scorned him.
What I’m saying is that Soros was too idealistic IMO and the focus should have been on rooting out the old guys club that the communists left us rather than giving people money to join them.
That said, hindsight is 20/20. If anything, I blame Merkel and the neolibs of her cohort that kept dumping money on Orbán - in exchange for fucking up Hungarian workers - after they came out as kleptocrats.