That ten year, at 2.83. That is a 11% rise in interest charges in the last three months, on top of three years at a 10% rise. We are concave up in interest charges and might try to jump the shark.
What has been going on in the Swamp? Shutdown, continuing resolution, stalemate, sequestering, same as Obama. The Swamp has no liquidity, the fourth largest item in the budget is going off chart.
The one year, almost up to 1.9%, while the market stumbles. That is a nice yield, I have a hard time seeing why rates need go any higher.
The investor need to price in a cavitation; the possibility of a sudden drop in home sales, California governments do some fiscal crisising, deep Swamp sequester, pension stampedes.
This is our second time through in memory, counting the 30s and the 70s. No need to go turbulent, we should know this, it is a 'been there done that'.
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