The 10yr Yield Is Dropping, MMRI Also Falling... Stocks Higher.
From Greg M
Lions and friends.
It appears that at least some stability is returning to the debt market and this is being reflected in a dropping 10yr yield and lower MMRI.
GM
ANOTHER HUGE THANK YOU TO THOSE OF YOU WHO SUPPORT MY WORK!
This "market" is a joke. How can someone legitimately invest when everything is controlled by central banks. They are trying to slowly let air out of this overinflated stock market balloon while buying additional bonds so that there is not a dramatic sell off which would spook the general public. Buying additional bonds with additional printed money is highly inflationary....at some point the whole system will lock up or blow up. At this point it is just a matter of "when" not "if".
Yeah after that satanic Dark Brandon performance last night, people need to be distracted by the stock market temporarily going up.