Posted on 05/12/2022 7:00:55 AM PDT by Browns Ultra Fan
With the US engaged in a proxy war with Russia, and Covid mutations starting to rear their ugly heads … again, markets are feeling particularly jittery today.
Producer Price Index Final Demand PRICES were up 11% YoY for April (Ludgate).
The 10-year Treasury yield is down -7.2 bps, but look at Europe! Down over 10 bps across the board (except for Greece).
The Dow is down -1.09% and the NASDAQ is down -2.09%.
Mortgage rates? Bankrate’s 30Y mortgage rate is up to 5.57%, but we may see some easing as the 10-year Treasury yield is down today.
April Ludgate is the honorary representative to the markets.
(Excerpt) Read more at confoundedinterest.net ...
“Biden and Democrats are really screwing up the country.”
It’s all going according to plan. The only thing they regret is that BBB didn’t pass so that inflation would be insanely high.
Once it’s all cratered, they can implement the new world order. Here in the blue part of Ohio, there are a shocking number of my neighbors who still support this idiot, and make nasty comments about the previous admin.
I feel like I’m strapped into a jet that is going nose down into the ground. I’m terrified, but all the passengers around me are smiling and laughing, totally unaware.
I read somewhere that unemployment claims are up.
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