US debt continues to climbs along with interest rates. The interest paid to private banks and others on US Treasury debt has hit $523 BILLIION … and rising.
Meanwhile, in China bondholders are being paid in ham instead of cash. Or perhaps bacon. Ron Swanson would approve!
600 points down today
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Don’t worry, the powers that shouldn’t be will engineer a bond market rally to put a floor under stocks… if that’s their plan.
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