Interest-rates going up "for the right reason" is bullish, right?
Each time interest rates have surged up to their long-term trendline, a "crisis" has occurred...
h/t @MarkArbeter
But this time is different right? Because rates are "going up for the right reason."
Hhmm, the reaction in markets each time the yield on the 10-Year Treasury yield reaches its trendline is ominous...
So the question is - have interest rates "ever" gone up for the right reason?
Or is this narrative just one more bullshit line from a desperate industry of asset-gatherers and commission-takers?
It does make one wonder what the relationship between US government "interest costs" and global money flow really is. Does an engineered equity tumble spark safe-haven-buying and ease the pain as deficits and debt loads soar. It would certainly help as $300bn additional budget deals are passed, The Fed has left the game, and China is threatening to be a seller not a buyer...
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