Bills Commentary :
As I have said for many years, “watch the credit markets”, as credit makes the financial and real-life world turn. The average person watches stock markets, but THE most important “market” has already crashed. Put your helmets on, stock averages are next and will be followed by many global markets seizing up into closures!!!
The collapse in Treasury bonds now ranks among the worst market crashes in history
“The bond-market sell-off that’s sending yields soaring is starting to eclipse some of the most extreme market meltdowns of past eras. Bloomberg reported losses on Treasury bond with maturities of 10 years or more had notched 46% since March 2020, while the 30-year bond had plunged …“

Well, I don’t own any US bonds and I don’t know any folks who do. But I do know a lot of folks regard them as a safe bet…which I do not.
In the world markets many foreign people are selling them off in favor of gold and silver, which makes sense. I hope we do not get pulled into the new war in Gaza. I think the Jews can manage on their own and take care of their enemies. But China and Iran may have something to say about that.
I coined a new phrase yesterday which I have never heard in the media or in politics. Israel may now embark on a strategy of Islamicide… It may happen this week.
take care,
Bill
William R. Smith Marietta, Georgia USA
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Fasten your seat belt ‘Ole, we’re going for a ride!
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