Story thread · 6 reports / 3 sources

Unending Trump 'doom loop' as vital industry flashes red

alternet.org · 12dShare

President Donald Trump ’s war with Iran has created an economic “doom loop” that experts warn has “no end” in sight. Now, according to new reporting from CNN , “yellow lights are flashing in the most important market on the planet: The US bond market .” As the bond yields skyrocket, investors are selling fast, wreaking chaos across the economy. As CNN explains, the situation is being driven by a number of contributing factors, at the core of which is the war with Iran, which is “driving up US defense spending and the cost of oil, gasoline, diesel and jet fuel. That energy spike is reinforcing inflation worries in a bond market already nervous about America’s $40 trillion mountain of debt. The yield on the benchmark 10-year Treasury, which is a measure of how much the US government pays to borrow more money, climbed on Wednesday to the highest level in nearly three years. The bond market stress will make it more expensive for consumers to get a mortgage, for businesses to borrow and for

First report: CNBC Daily Open: War by other means turns to armed conflict — again — cnbc.com, 15d