Wednesday, April 12, 2023
Chiswick, West London
T-bills are yielding 5% again… but only the 3-month ones.
I’ve never seen the yield curve as inverted as it is now. It tells us short term interest rates…
On the right track with shipping
They blew up a gigantic worldwide debt bubble using artificially low interest rates and other manipulations. There’s now so much debt – much of it unproductive – there’s no way to service it.
