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Remember how in the end of last year, everybody was convinced that interest rate have no place to go but up?Check messages from this time. It is enlightening
Anyone check the futures for the 30 year bond tonight? It made a gap to 132. Looks like no one wants to buy the long end of the curve anymore. Interesting.
1% raise in rates cost USA 100 billion annually in added interest charges rolling into that ratethats some serious jack, and the more the debt inflates, the bigger this interest rate increase will become.we will have to pay the vig by sacrificing, education? defense? SS? the minute rates rise were f**ked...heading for the minsky moment...that why they won't rise, can't rise.