Interest Rates begin to move up
Here is a table of how Interest rates have moved up just since June 24th for various Bonds and their maturity timeframes. This really surprised me, but I haven't seen anything in the financial media or mainstream press mentioning this. Here's a Table that may surprise you too.
I want to wish everyone a happy, safe 4th of July weekend. If you don't have to drive, stay home and relax. If you do have to drive, drive safely and come back here next week.
I want to wish everyone a happy, safe 4th of July weekend. If you don't have to drive, stay home and relax. If you do have to drive, drive safely and come back here next week.
Labels: 4th of July, Bonds, interest rates, Table of data, yield movement
posted by Charles Amico at 9:08 AM
4 Comments:
Well, predictions of a collapse have been wrong so far, but I have just moved my 401k into fixed-income, because for the next month the risks of a nut-case, fruit-cake, evildoers government/economic collapse is too great even for me ! The tea-party idiots will likely cave, but if they don't we are going to see another recession, most likely world-wide, so say the experts.
I hope Beacon stock somehow recovers in the next two years. They have to dilute it still more, in order to build the second plant, I suppose. I wish the DOE would give them more money !
JW, the only reason there was no collapse was that the Fed was manipulating the stock market. They kept it up in the same range it has been in for quite a while. We almost saw it tip a week or two ago, as we came close.
While the negotiations on raising the Debt Ceiling have collapsed, we have about 2 weeks max where if they don;t get it resolved, the Fed won't have enough money to stop it from collapsing as it will be a world wide event. They are all playing chicken. The Republicans think the President will blink and go for whatever they want. The Democrats think they have a winning election issue as Clinton did when Gingrich shit down the government last time.
They are playing lose-lose, as far as I am concerned! And we are the losers here.
Hi Charles,
I am "catching up" after a busy July 4/Independence Day celebration - read your account of the need for jobs in America, i.e., grocery cart collectors, check out counter clerks, etc. I, too, am concerned as my son-in-law tells me that movie theaters are "going digital'; soon there will be no film, film projectors and projector operators.
American workers are being replaced by:
1. machines/robots
2. expecting the consumer to do the work of the employee
3. off-shoring
Which leads me to ask why you could favor Mitt Romney, the corporate buy-out specialist who caused so many Americans to be replaced by consolidation and/or off-shoring?
Well, I said I like Romney as I had some personal interactions with him years ago. But let's be clear, I am still in President Obama's corner. It would take a lot for me to change and vote Republican this election. I can't stand their obstructionist politics and they seem to get more polarizing each day. They don't even understand what they are doing by not raising the debt ceiling right now.
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