5 Things that Grabbed my Attention
1. US Government bonds continue to sell off with the all important 10 year yields pushing up to 4.53%….Lending is based around these 10 year bonds so money is getting more expensive for business and consumers. It’s also means interest payments for the US government is going higher with the interest bill on the ever expanding debt pile now above US$1 trillion per year….Trump can’t fix the problem but the Fed can kick the can down the road via money printing – which the establishment calls quantitative easing (QE) in order to fool the public.
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