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Stock market went up today...
The bigger they are the harder they fall....
Why is a 1.7% rise in stocks a surge, but a 1.7% rise in bond yields a "shrug"? [48 basis points on 2.875% = 1.7%]
Because they want to tout the extremely short term positive effect of higher nominal equity gains, while minimizing the slightly longer term destroying consequence of a 10 year above 3%.
http://theeconomiccollapseblog.com/archives/the-taper-is-on-8-ways-that-this-is-going-to-affect-you-and-your-family