Cynical View of Interest Rates

What is driving higher rates …

  • Central Banks realizing that they have 0 tools left if things go bad fast – economic cycle turns
  • Governments are running on debt that is so irrational that they only way they can sell their debt is to inflate the yield (lower price)

This could be a train wreck … if economy slows and debt spending continues to increases, the deficit balloons beyond our imagination … a jubilee?

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