The Bond Rout: Political Problem?

[william the wie]

The States with the worst unofficial bond ratings in terms of high yield are:

IL, CA, MI, NJ, NV, NY, RI, MA & OH;

In that order. Today treasury bond yields went up. That means everyone else's rates have gone up. IL and CA (IOUs) have a history of recent defaults, which means that their rates are going to go so high that Chapter 3 or a takings clause lawsuit is a very real possibility. MI and the Ns are about to experience mild to severe discomfort. RI, MA and OH will get a scare.

What will the effects be on the election?

 

[BuckToothMoron]

The States with the worst unofficial bond ratings in terms of high yield are:

IL, CA, MI, NJ, NV, NY, RI, MA & OH;

In that order. Today treasury bond yields went up. That means everyone else's rates have gone up. IL and CA (IOUs) have a history of recent defaults, which means that their rates are going to go so high that Chapter 3 or a takings clause lawsuit is a very real possibility. MI and the Ns are about to experience mild to severe discomfort. RI, MA and OH will get a scare.

What will the effects be on the election?

Can not say there will be much effect on the election as most folks have no idea what rising interest rates and falling bond markets mean. But I have been watching this for quite awhile and suspect at some point the Fedeal Reserve will be exposed for creating a stock, bond and real estate bubble while trying to drive a slow economy with unprecedented low rates and QE money printing. At some point sentiment will change and gold will resume its position as the store of value in crazy times.

 

[william the wie]

The one thing that will hit home is blue states being unable to pay for elections.

 

[JimBowie1958]

When the Feds are spending 25% of all federali revenue on the national debt, some of these idiots might finally notice it.

 

[william the wie]

When the Feds are spending 25% of all federali revenue on the national debt, some of these idiots might finally notice it.

Don't bet money you can't afford to lose or set an extremely low bar for winning.