Posted on 03/27/2023 6:50:41 AM PDT by Kaiser8408a
The US economy got beaten to a pulp by the Chinese Wuhan Covid virus outbreak in early 2020. The Fed intervened with massive money printing along with massive spending by Congress and the Administration. Result? 40-year highs in inflation and a Fed counterattack in terms of rate hikes.
The result of Fed rate hikes? Failing regional banks trying to cope with duration extention and scared depositors. And then we have the St Louis Fed Financial Stress index reaching its highest level since the Covid outbreak of early 2020. And with that, bond volatility is higher than that found during the Covid crisis.
With the expectation of MORE rate hikes, the 10-year Treasury yield jumped 12 basis points.
The architect of The Fed’s “too long for too long” is also the US Treasury Secretary, Janet Yellen.
Yellen: “It wasn’t my fault!”
(Excerpt) Read more at confoundedinterest.net ...
There is nothing anyone can do other than getting out of debt and owning chickens?
IOW, we’re soooo screwed!...........................
The doomporn pushed by that website Convoluted Interest, and the hysteric Mr Sanders, is as old as the serpent and Eden. They may also be related.
They sky is always falling, The End is always right around the corner, and we're all gonna die and be turned into mulch. The end game is hopelessness, but the currency is always "but if you pay me, I'll show you how to avoid it."
Jesus WILL return some day. Until then, there will be bulls and bears. Sheep get slaughtered, and that's the objective of folks like Mr Sanders and Beelzebub.
A balanced portfolio of financial and hard assets, with ordnance as a put option, will win the day. Certainly we need to be observant of outside forces, while neither being Pollyanna or suicidal.
Yellen = Useful idiot.
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