The Japanese 10 year yield hit a 10 year high this week on rate hike bets:https://t.co/TZXAnaEC3e
“The 10-year yield has risen gradually on the back of view that the BOJ will lift interest rates sooner and cut bond-purchase amounts at its operations”Meanwhile, the U.S. 10 year… pic.twitter.com/FXS79f69CL
— Mac10 (@SuburbanDrone) May 24, 2024
2023 was worse than 2008, but pre-bailed out thanks to Wall Street lobbying dollars 🥳 https://t.co/6w1Y0WVjnn
— Peter St Onge, Ph.D. (@profstonge) May 23, 2024
So something is gonna give, right?
H/t: @SactoJason pic.twitter.com/nEyksrO8Au
— Gay Bear Research, LLC (@GayBearRes) May 24, 2024
US consumer is in the worst shape since the Great Financial Crisis
The US economy has:
1) MEDIAN HOME PRICES AT RECORD $434K
2) 37 MONTHS OF INFLATION ABOVE 3%
3) Falling consumer confidence and sentiment
4) 600k full-time jobs lost in the last 12 months
https://www.globalmarketsinvestor.xyz/p/the-s-and-p-500-closed-above-5300
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