The Antidote For Reckless Governments & Money Printing
“The interest rate on the 10-Year Note has risen from 1.58% on December 6th of last year, to as high as 2.03% by mid-February. Most equity market cheerleaders are crediting a rebounding economy for the recent move up in rates. According to my count, this is the 15th time since the Great Recession began that the economy was supposedly on the threshold of a robust recovery.
However, the reading on last quarter’s GDP growth was negative, and the January unemployment rate actually increased.
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