esp. when inflation is rising... But I'll also admit, the deflation in housing and CRE is alarming, record bankruptcies - a 14 year high, cc defaults soaring.... there are signs we could shift to a deflationary environment... there is no doubt biden left an absolute mess. And I didn't even mention the 'extraordinary measures' teh Treasury is having to engage in or the fact they've structured the durations of the treasury bonds such that 10 trillion is maturing this year, along with 2-3 trillion in new debt, plus $1 trillion in cash that yellen spent.
Rates are going higher.
Rates are going higher.
