Fire! Biden And Fed Lit A Fire The Is Burning Out Of Control, US Treasury 10Y Yield Climbs Past 5%, Real 10Y Yield At 2.46%, Mortgage Rates At 7.63% (Highest Since 2000)

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by confoundedinterest17

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%.

And Freddie Mac’s 30-year mortgage rate survey is at 7.63%, the highest since 2000.

See also  10 Year minus 3 months Treasury has INVERTED!

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.

See also  10,000 layoffs and more to come (Cargill, Tyson, and John Deere). The unemployment level is now higher than when the Fed cut rates (September).

Here is how I feel about Washington DC in general.