- The age of ever lower interest rates is more than likely over.
- Hat tip to the author (website on chart).
- Sooo...the retiree's were screwed with ultra low interest rates for the past few years. Many may have stretched their time frame out on the yield curve for the higher rates.
- Unfortunately they'll now learn the hard way, about the inverse relationship between bond funds and interest rates.
- As interest rates go up, the value of bond funds go down. OUCH!
Wash Post admits reality: ‘Amid explosive demand, America is running out of
power’ – U.S. ‘power grid’ being pushed ‘to the brink. Utilities can’t keep
up’ – ‘It is staggering’ – But WaPo frets energy shortage ‘threatens to
stifle the transition to cleaner energy’
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It makes you scratch your head and wonder how we ended up in this situation.
2 hours ago