Tuesday, May 15, 2018

Ten year up 10 basis points in one day

At 3.07%, the new interest charges rise three percentage points, in one day!   A few days of this and the last  budget is worthless, especially since interest charges have been going up  about 12% per year.

So we can see the futility of making a budget, The average small state senator has no clue whether his particular earmark will be funded on time.

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