An Old Tomorrow continued. The 10 year yield is something every trader should watch... especially now with all the BS propaganda being fed to us. 10% GDP with 830,000 weekly new unemployment claims average? Yep. We're stupid. This is just one demonstration of our reality.
I put a dotted line on the 10 year yield chart at midline of the flagpole body. You can easily see the latest prints gravitate to that elevation. 1.5% is the unclaimed universal line in the sand for financial revolt. We are right at its edge.
Look at what's happening. Nearly all commodities are in rapid appreciation. The crooked banks and government are manipulating gold, silver and oil in aiding their propping up the economy. And just now, mortgage paper is experiencing a slight breeze of increasing rates. With the shitshow so fragile and the BS parked next to the fans anything with a little weight could cause a domino cascade made for movies. Hence, our minute concentration on this chart.
Throw in Biden senility; all of the military crisis scattered about; threats of capitalism being removed; the absurdities of a green world; etc and the heat is being narrowed into one economic fallout. Bonds are what govern our system - not the stock market. Debt is king.
If ya wanna head start on our demise, watch the 10 year yield. It is realtime with extra hours.
