It appears as though the financial house of cards is entering an accelerating phase of collapse, as the core Bond market product of US Treasury bills yield moves over the 5% mark for the 1st time in decades. As you should know, this means the price of these bills is falling, because the yield curve moves inversely to the price curve. It's getting more expensive to print new money and for Da Goobermint to borrow from the real source of power, the international banking cartel composed of banks like JP Morgan Chase, Citibank< Lloyds of London, the Bank of Rothschild, etc. All this against the backdrop of soaring inflation and a zombie real estate market. Is this finally the Big One, a 30 meter high Tsunami beginning to roll in from an earthquake centered under Davos in Switzerland? Time will tell.
https://markets.businessinsider.com/news/bonds/treasury-bond-yields-market-selloff-market-crashes-dot-com-bubble-2023-10
The collapse in Treasury bonds now ranks among the worst market crashes in history
RE
The collapse in Treasury bonds now ranks among the worst market crashes in histo
Started by RE Oct 07, 2023, 06:17 AM
Message path : / Society / The American economy / Economic Errata #29
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