record low ten year bond yield today
fiction
edward w pritchard
The ten year bond yield, the economic benchmark, is under 1.50 on wall street today. That's a significant indicator of deflation. Who would want to hold bonds at these levels? Unbelievable. Who thinks that these bonds will be worth anything in 2022?
Anyone without existing bonds in their portfolio loses a lot of money on paper on a day like today. Outrageous printing of money to continue. Meanwhile all asset classes plunge in value. At some point the citizens lose their ethical desire to fulfill past contractual obligations. Translation; more short sales in housing, less faith in government, more desperation in households.
Pray for our elected leaders to be granted wisdom and be unselfish and empathetic.
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