6 ms·
Based on current events in the US 10y and 30y bonds, the end is coming quicker than people think or are prepared for. I really don’t see a way out of this that
by montyanne 27d ago
Based on current events in the US 10y and 30y bonds, the end is coming quicker than people think or are prepared for.
I really don’t see a way out of this that isn’t high inflation (about 15%), lower dollar valuation, bonds taking a huge hit, unemployment moving up, etc.
I mean, just look at AI capex. It’s directly competing for US debt - and if the AI bet works out - results in even less taxable income for the government as human capital is replaced by AI. For something like 40 states, the biggest employer is healthcare/insurance intermediaries, which are absolutely ripe for replacement.
/remindme! I’d bet gold price doubles in the next 2 years.