Spiking Long Term Bond Yields Could Pop the Everything Bubble.
In this report, I cover the early market action from London on Friday, July 12th, 2019. I look briefly at the precious metals, the stock market, the dollar and the price of WTI and Brent crude oil.
Today I will actually look a little closer at the bond market and how long term bond yields not only in the U.S. but around the world have actually been spiking higher in the last fortnight or so. Even though the most market commentators and economists expect bond yields to keep dropping towards zero and even in some case becoming even more negative it looks like that view might be under threat.
The credit and debt bubble engineered by the major Central Banks can only keep going if longer-term interest rates remain under control and low so the recent spike should be watched closely. I do note nevertheless that the recent spike higher in yields could be just a correction higher in a downward trend.
I also look into the U.S. Constitution and what it says and does not say about what money people should use and I also point out that the Federal Reserve Note is unconstitutional.
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I am curious to what our thoughts are on Trump's recent "Bitcoin and cryptocurrencies" tweets?
Personally, I think politicians that are corrupt will stay far away from block chain technology as it decentralizes power into the people's hands by giving them a chance at direct governance . ( As shown with our block chain voting system here inside steem).
Hi @graylan, I spoke about what Trump said in my video.
Right, unless rates are zero or negative, even at 2%. At some point there is nothing more left as collateral to lend new fiat into existence to keep this debt ponzi going.
Thanks for your report.
Interesting that bond prices have spiked higher all around the world and is not specific to one country.