It isn't catastrophic yet, but the 10 year yields are flirting with 5% which isn't good for the economy. There is a Fed rate hike decision next week, if they raise rates again, not a good sign. Conversely leaving rates unchanged will likely lead to continued inflation above 2%. So they are not hitting their goals. There is really nothing they can do. The government needs to start paying down the debt. So yeah... we are fucked, but not in a SHTF way. More of a slow bleed.
Anyways, that's my take.
It isn't catastrophic yet, but the 10 year yields are flirting with 5% which isn't good for the economy. There is a Fed rate hike decision next week, if they raise rates again, not a good sign. Conversely leaving rates unchanged will likely lead to continued inflation above 2%. So they are not hitting their goals. There is really nothing they can do. The government needs to start paying down the debt. So yeah... we are fucked, but not in a SHTF way. More of a slow bleed.
Anyways, that's my take.
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