Fed Insider Admits It: The World Is Ditching the Dollar and Dumping U.S. Debt

The Fed’s Fractured Fairy Tale Neel Kashkari, the Minneapolis Fed’s poster boy for “don’t panic but do worry,” went on CNBC this week to calmly tell us that the global investment community is ghosting America. What tipped him off? Treasury yields are spiking while the U.S. dollar is sliding—two signals that investors aren’t just jittery, they’re jumping ship. “Normally, when you see big tariff increases, I would have expected the dollar to go up,” Kashkari confessed. “The fact that the dollar is going down at the same time… lends some more credibility to the story of investor preferences shifting.” Translation: the world’s faith in U.S. economic leadership is eroding. Fast. A Bond Market on Fire The 10-year Treasury yield—essentially the…