Posted on 03/03/2022 6:26:12 AM PST by Browns Ultra Fan
The US still has a steeply upward-sloping yield curve, but Russia has the exact opposite: a steeply downward-sloping or inverted yield curve.
Here is a comparison of the US Treasury Actives curve (steeply-upward sloping) compared to Russia’s sovereign curve (steeply-downward sloping).
Russia’s technical default on international bonds has led to its 5.25% coupon international bond (denominated in Euros) to plunge from 131.6 in September 2022 to only 21.75 this morning.
Between Biden’s anti-fossil fuel executive orders and the Russian invasion of Ukraine, gasoline futures are up 126% since the start of January 2021.
Biden is tapping the US strategic oil reserves releasing 30 million barrels. Unfortunately, this amounts to only 1 1/2 days of US oil consumption. Instead of “Release the Kraken!”, Biden is releasing a Petit Basset Griffon Vendéen. Woof.
This reminds me of “Does your dog bite?”
(Excerpt) Read more at confoundedinterest.net ...
Brandon didn't even mention China in his SOTU reading.
Ass clown, nobody will benefit. Might as well give it away.
What could go wrong with using up emergency supplies when chances are we’ll actually need them. It’s not as if the world’s on fire and oil supplies will be tight.
Yeehaw! Road Trip time.
It’s possible this whole mess is designed as a message to XiChina... He’s watching. The world’s turning against Putin - - war crimes charges, rejection, loss of face, economic decline - the whole nine yards.
It’s possible our worthless thugs in the CIA have pulled off a successful Hail Mary before the intelligence mystic dies... this could be one for the record books - if World War III doesn’t intercede.
Not going to work , you need to drill
What happens if Xi invade Taiwan and sanctions the United States?
Turn-about will be fair-play in WWIII.
I am actually starting to believe this is a phase of the Great Reset to reset the global financial systems and economy.
What the globalists have been able to do to Russia in a matter of days, should scare the hell out of everyone. But there are two forces at work and neither one are good.
It's impressive on some levels - but it you're on the wrong side - it's scary. OK, maybe even scary if it's 'our guys'...
What happens if Xi invade Taiwan and sanctions the United States?
The world that matters would turn their collective backs on Xi, his foreign students studying abroad, his companies and his desire to sit at the table with civilized people. Yes, a 'strongman' can win many battles - but a he's - never accepted - he and his country lose 'the war' - matters on a bunch of levels.
“Not going to work, you need to drill”
How did we even GET a Strategic Reserve? Buy it from other countries?
The bond default itself is probably not too interesting.
The real question is how big is the pile of Credit Default Swaps derivatives that will fall over.
Our yield curve inverted a couple of years ago.
Most everybody died.
Uh, what?
2 Year US Treasury - 1.5%
5 Year US Treasury - 1.7%
10 Year US Treasury - 1.8%
30 Year US Treasury - 2.2%
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