Countries who own large amounts of our bonds are selling because they see Trump is taking us toward WWII Germany and Putin's Russia, Turkey, and know how that ends up, so 30 year bonds are nuts.
And there is no hope for the dollar which will continue its decline at a higher percentage rate than interest rates, sooo, they are getting rid of bonds in big sales e.g. Japan, China, UK, etc.
Feds are having trouble right now selling bonds and if/when interest rates rise the dollar is doomed and inflation will soar.
Big money sees this.
Trumps game is to get rid of fed with his accusation, and appoint a new guy Hassert?), who will lower the fed funds rate 300 basis points??, knowing full well that will lead to more inflation and a decline in the dollar, but may get him past the mid terms.
And there is the floor for the metals! |
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