$107 oil. 5% Treasury yields. Now we’re talking about working until you die.

by

Oil Jumps as Shutdown of Saudi Pipeline Deepens Energy Crisis…

  • The Saudis closed the East-West pipeline after drones launched from Iraq damaged it. Riyadh has not disclosed how badly it is damaged or how long it will stay closed.
  • The pipeline, which can carry 7 million barrels per day, has played a key role in easing the severe oil supply disruption triggered by the Iran war.
  • A diplomatic meeting between Iran and the Gulf Arab states to discuss the situation in Hormuz was abruptly postponed after the pipeline attack.

 

5% Treasury Yield Raising New Risks for Markets, Economy…

  • The 10-year Treasury yield is is striking distance of 5%.

  • That level is a key psychological threshold that investors see as a threat to stocks.

  • “If we were to break above 5%, it would cause stresses,” one source said.

A 5% 10-year Treasury yield is something that keeps investors up at night.

Yields were edging up again on Friday after briefly dipping following the August inflation report. The 10-year bond yield was 4.95% around midday, just 5 basis points from the important 5% threshold that’s represented a danger zone for stocks. It briefly spiked to 4.99% earlier in the day.

The future of retirement? Work until you die!

The retirement myth of endless golf games or fishing trips melting into decades of elder bliss has been crumbling for decades.

The idea of retirement as a period of contented leisure has come and gone, said Lawrence Samuel, cultural historian and author of the new book “The Rise and Fall of Retirement in the United States: A Social History.” He believes the modern era of retirement is over, and even expects Social Security to eventually “go away” amid a new model in which people work longer into their old age.

1 view