Fire! Yes, Biden and Congress created a fire with it reckless Federal spending leading in 40-year highs inflation, prompting The Fed to counterattack with rapid rate hikes.
We now see the 10-year Treasury yield passing 5%. And the REAL 10-year Treasury yield passing 2.46%.
![](https://confoundedinterestnet.files.wordpress.com/2023/10/image-52.png?w=680)
![](https://confoundedinterestnet.files.wordpress.com/2023/10/10ytbotd.png?w=1024)
And Freddie Mac’s 30-year mortgage rate survey is at 7.63%, the highest since 2000.
![](https://confoundedinterestnet.files.wordpress.com/2023/10/freddecreams.png?w=1024)
Washington DC’s rampant spending is going to hurt you for a long, long time. And Biden is now prposing $100 BILLION MORE for Ukraine and Israel. Face it, that’s all Democrats and RINOS know what to do … throw money at problems.
Here is how I feel about Washington DC in general.
![](https://confoundedinterestnet.files.wordpress.com/2023/10/image-53.png?w=1024)
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