Archives of “National debt of the United States” tag

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The 10 year yield trades above 100 day MA for first time since June 16

  
  Analysis
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Price cracks above the recent ceiling near 1.385%

The 10 yield yield has moved to the highest level since July 14 and in the process has moved above recent ceiling near 1.385%. The price is also above the 38.2% retracement of the move down from the March 30 high at 1.375% and finally in the 100 day moving average 1.405%. The current yield is trading at 1.415%.
US 10 year yield
The next target will be at the 50% midpoint of the move down from the March 30 high at 1.452% get above that and there is more room to roam with 1.53% as another target area.
Despite higher inflation, and expectations of taper, the 10 year yield is still well below the high for the year at 1.774%. Overseas demand has been very strong especially in the longer end as concerns about Covid and higher rates in the US have investors parking funds in the liquid US debt instruments. With the Fed now targeting inflation over 2% in 2022 and 2023, the real return at 1.415% is negative. Nevertheless, it beats parking funds in France at near 0.07%.

Global Debt Tops $188,000,000,000,000 – Officially The Biggest Debt Bubble The World Has Ever Seen

  
Analysis, Economy
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The world is now 188 trillion dollars in debt, and that number continues to grow rapidly each year.

It is a form of enslavement that is deeply insidious, because most of those living on the planet do not even understand how the system works, and even if they did most of them would have absolutely no hope of ever getting free from it. The borrower is the servant of the lender, and the global financial system is designed to funnel as much wealth to the top 0.1% as possible. Of course throughout human history there has always been slavery, and the primary motivation for having slaves is to extract an economic benefit from those that are enslaved. And even though most of us don’t like to think of ourselves as “slaves” today, the truth is that the global elite are extracting more wealth from all of us than ever before. So much of our labor is going to make them wealthy, and yet most people don’t even realize what is happening.

Let’s start with a very simple example to help illustrate this. (more…)

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