Lions and friends..
The US 10yr yield is now below 3.6%, (its 3.58% as I am writing this), that is an over 42 basis point freefall in just the last week! Moreover, the relative dollar strength is markedly lower.
The MMRI is falling and stocks are higher across the board.
MAKE NO MISTAKE! This is central banks buying ALL the debt and propping up stock markets.
This current action by central banks assures MUCH HIGHER INFLATION! But it will also prop up global stock markets…
GM
MMRI last week 282. This week 246. Kick the can down the road. Sickening!
Thank you Greg.