This chart shows the Ten Year Yield where 40 = 4.0%. Currently at 4.65%.
Bloomberg today: "Rates aren't rising because of inflation, they're rising because of the bond market"
Looks like they finally woke up to the truth 👇
— Financelot (@FinanceLancelot) September 28, 2023
Rates aren't rising because of inflation… they're rising because of debt markets. CPI & PPI are both declining while the ability to borrow has disappeared.
The U.S. is creating a global insolvency crisis so they can buy their own outstanding debt. Many are still in denial👇 https://t.co/TDdTFR5SHQ
— Financelot (@FinanceLancelot) August 21, 2023
Jerome Powell would call this a “glow up” of the American economy. Just put everything on credit and print more dollars. https://t.co/dEV8dcY8Ex
— Ian Miles Cheong (@ianmiles) September 28, 2023
JUST IN: US net interest payments as a percentage of government receipts rise to 15%.
This percentage has doubled over the last 2 years and now is at its highest since 1998.
The US is about to see its first ever year with $1 trillion+ in interest expense.
At the same time, US… pic.twitter.com/tyrUIZbb4X
— The Kobeissi Letter (@KobeissiLetter) September 28, 2023
h/t Tonight We Ride!