Regarding your 60y interest rate cycle chart, there is room for a new low without significant deviation from the concept.
Only two possibilities really: 1. Fed backstops everything with free money and rates shoot up. 2. Bankruptcy cascade drives treasury rates to new lows.
Option 1 eliminates the dollar as a reserve currency and the fed is dismantled. Option 2 is something the fed has previously lived through.
Regarding your 60y interest rate cycle chart, there is room for a new low without significant deviation from the concept.
ReplyDeleteOnly two possibilities really:
1. Fed backstops everything with free money and rates shoot up.
2. Bankruptcy cascade drives treasury rates to new lows.
Option 1 eliminates the dollar as a reserve currency and the fed is dismantled.
Option 2 is something the fed has previously lived through.