https://www.nytimes.com/2026/08/07/business/bonds-stocks-federal-reserve-interest-rates.html?smid=nytcore-ios-share
“What the bond market has been saying lately is that risks are rising: risks of increased inflation; wars and tariffs and other geopolitical dislocations; questionable use of vast sums of capital to build artificial intelligence; an uncertain direction for the Fed under new leadership; mounting [national debt](https://www.nytimes.com/2026/05/20/business/bond-market-investing-global-treasury.html); and broad political dysfunction.”
