Hard to Make Much of This

Thursday March 25 20221

Treasuries off to thrid worst start of year since 1830

 

this is what we have been saying, bond prices are dropping and for two reasons

We had 39 years up in yields to  1981 and then 39 years down in yields, time to reverse

Congress is spending like crazy, gasoline prices are nudging $3., housing prices are soaring, lumber prices have doubled since October

IN the same peeriod copper prices have risen 50%

\Yellen and Powell are flunking Eco 301 if they think this is not going to lead to inflationary price increases, it is already doing so