Imagine being one of these people who are lying to US citizens about falling interest rates?
Or worse, imagine being one of the poor victims who actually believed them?
Ouch.
The people lying to you include journalists across old media, a few economists that are somehow still employed, and even the President of the United States of America.
Or maybe the Biden didn’t actually lie to you. It could have been the intern, who tells him what to say, that is the one behind the false information.
Either way, none of these people are here to help you. They’re only here to help themselves. That’s how this works.
So as investors, it’s important for us to actually look to see what’s happening, instead of blindly trusting some random source, even if that includes the President of the United States, who’s been lying to you about falling interest rates all year.
Is the fact that he is up for reelection later this year further incentivizing these lies?
Probably.
It’s malicious. Criminal even.
And this isn’t a political thing. It has nothing to do with which candidates you like or dislike.
This is a just a making money thing for me.
So if you’re like me and are more interested in reality, instead of the lies they tell you on the cartoon networks, then just take a look for yourself.
Here’s the US 10yr Yield and US 30-year yield closing the week out at the highest levels in 6 months: [Read more…]