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The American System

13
Feb 2018

February 12, 2018

February 13, 2018

10-Year Treasury Note Yield Hits Four-Year High Above 2.9% as Downturn Danger Grows; 30-Year Bond Rate Also Rising; Trump Still Claiming Credit for Pay Increases Forced on Walmart and Other Greedy Companies by Higher State Minimum Wages; Jobless in Coming Downturn Will Envy Ninety-Niners of Decade Ago: Republicans Have Savagely Cut State Unemployment Benefits; Example of 1987 Crash Highly Relevant: 22% One-Day Dow Decline Came Sandwiched Between Dollar Crises; Long Bond Yield Jumped From 8.4% in August to 10.4% Just Before Crash, As Treasury Prices Collapsed; Fundamentals Unsound