In this report the early market action from London on Wednesday, April 25th, 2018. I look at the precious metals, the stock market, the dollar and the bond markets.
I also talk about how a break above the 3% yield level for the 10-year note U.S. treasury would mark the probable end of the 30-year plus environment of decreasing interest rates and easy money.
I note that since 1981, when the 10-year yield topped near 16%, the U.S. economy and government have been able to take on an exponential amount of debt and credit because of a favorable interest rate environment.
My conclusion is that we could be at the very beginning of the unwind of the massive debt bubble that has been built since the early 1980s.
