As of this morning, 10-year treasury yields hit 0.75, down a whopping 20% in a single day and far, far away from the current 1 – 1.25% rate even after the recent Fed rate cut.
There isn’t much room left before it hits negative rates, and all the markets appear to have nowhere to go but down. Welcome back to 2008, but this time with much bigger bubbles and impotent central banks. Keynesian nonsense has been backed into a corner. There’s just nothing left to cut, and thus only money to print!
Stacking gold and commodities yet?