Debt Rattle July 14 2016
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NPC Hessick & Son Coal Co. Washington 1925 • China June Exports, Imports Both Fall More Than Forecast (R.) • China’s Steel Exports Jump to Second High
[See the full post at: Debt Rattle July 14 2016]“perplexed that investors’ demand for the perceived safety of government bonds has driven 10-year Treasury notes to record lows, even as the Dow Jones Industrial Average and the S&P 500 index scored fresh record highs”
This actually makes perfect sense under one circumstance. A great many of the big financial players are “in on the fact” that a major crash is not far away. They’re still playing in the market; because they are still fleecing the rubes – but they’re socking their savings away in as safe a place as they can find. Also goes along with the quiet up-trend in precious metals (currently in a momentary down-tick).
Somebody knows something. Lots of somebodies this time.
It’s a great trick: interest rates keep sliding and the US federal deficit is up about 26% year over year.
“China’s exports fell more than expected …”
Does that not suggest that the transfer pricing – to get money out of the country illegally – is slowing down? It will be interesting to see if the Chinese slow down on their property binge in Vancouver, London, Sydney and Melbourne.
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