They should

If the bond market decides your country is a s**t show, it charges more for your sovereign debt. So you spend billions more on interest. Billions. Every year. Billions you can’t spend on defence, or hospitals, or teachers. Your mortgage rates go up. Everything gets f**ked.

So being flippant on here is fine, but the idea of having a PM who thinks the bond market doesn’t matter should make us all very nervous.

Posted By: Old Git, May 14, 18:50:55