If anyone is curious as to where the markets go next…go look at other sovereign bonds for comparison. I think there is only one way this resolves: the other sovereigns sell off and get higher yields, the US bonds get lower yields and rally…and incidentally, the dollar shortage intensifies.
The Economic Consequences of a Low-Skilled Immigration Sudden Stop:
Evidence from Korea’s Guest Worker Programme
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The example of South Korea suggests that a halt in immigration by
low-skilled workers does not boost pay or job conditions for natives.
2 hours ago






