Are Bond Vigilantes Acting like Gremlins?

Former Global Chief Economist for JPMorgan Chase (Ph.D. in Economics) & Current BrightQuery Chief Economist

Gremlins 2 Movie: Gettys-Images

In the 1990 movie “Gremlins 2,” these characters evolved from Mogwai (a Chinese Cantonese word for demon), who may have been slightly naughty, like regular bond traders hoping to make money at the expense of other traders but were not destructive. However, these Mogwai eventually evolved into Gremlins who were mean-spiri…