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Daily Archives: February 22, 2018
Yield spike amplifies late cycle squeeze on economy
Starting from a record low of 1.34% in mid-2016, the increase in US 10-year Treasury yields to 2.9% over the past 18 months marks a massive 119% jump–the largest relative increase since 1982. Extremes breed extremes, and sure enough, as … Continue reading
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Endless student debt subsidies exacting a heavy cost on economy and taxpayers
Education and training are critical for making young people productive, but excessive student debt underwritten by governments have most of all provided massive subsidies to enrich lenders, schools and their administrators. In the end, debt-crippled young people make for poor … Continue reading
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