Rogue Economics/Bill Bonner/1-12-2021
“And it’s still too early to know if the downward trend in yields has come to an end.But just to be clear about it, rising yields in an economy with $80 trillion of debt is a sign of impending doom. It becomes ever more expensive to finance and refinance the debt… requiring more and more infusions of fake money. The locomotive goes faster and faster… until it flies off the tracks.”
USAGOLD note: Bill Bonner reminds us of some down-to-earth realities about to impose themselves on the American economy ……
