In this report I cover the early market action from London on Tuesday, July 17th, 2018. I look briefly at the precious metals, the stock market, the dollar and the oil price.
Today I revisit the bond market and look at the U.S. 10-year Treasury yield and how it is, arguably, the most important indicator foe all the financial markets. I explain how the bond market and yields determine the price of money and credit and how since 1981 the bond market has provided an abundance of easy money and credit.
I argue, nevertheless, that for the last two years the bond market and interest rates have started turning and that we could be in a very long term cycle of tight credit even though it does not fell like it for now.It has been the easy money and credit that has allowed of the geometric rise in public, corporate and private debt of the last 35 years.
My conclusion is that the present cycle is one that will look very different from the one we have seen since 1981 and that it is not necessarily a bad thing.
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How long do you think before a possible financial reset if at all, and if so would this mean the IMF rolling out the SDR . Cheers mike
It will probably never be over.
I see there is no rise in the market
All currencies are in significant decline
We do not know when this market will rise
Cryptos are going up!
Thank you for the insights . The debt problem is really starting to show through . Steem at least has no debt and is immutebale.
Yup steem is free from all and we feel relax to earn.
Useless market was going on sir @maneco64.
Thanks for sharing and best reagards from sujonxr.
Thanks for your contribution. Bond market and financial is too different. Two market always go another way. Thanks sir.
An in-depth observation with an objective conclusion about current market developments. Thanks for the latest information, sir. 🙏