If anyone is curious as to where the markets go next…go look at other sovereign bonds for comparison. I think there is only one way this resolves: the other sovereigns sell off and get higher yields, the US bonds get lower yields and rally…and incidentally, the dollar shortage intensifies.
The Wicked Witch of Eccles Hates Sound Money
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The Federal Reserve might be experiencing a change of leadership, but the
process of currency debasement that began more than a century ago continues.
2 hours ago






