President Donald Trump’s disastrous second stint at the White House has set off a market fireworks display not seen since the eve of the 2007 financial crisis that cratered the global economy.
In simple terms, investors are reluctant to lend the government money, and are demanding more in return. That innocent-sounding tidbit signals that everything from mortgages to car loans and credit cards is about to get more expensive.
It’s happened partly because of the carnage Trump, 80, has inflicted by borrowing more cash himself, going to war with Iran, failing to curb inflation, and handing out favors to his pals in the AI industry.
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