Month: May 2021

In March 2021, the yield on a 10 year U.S. Treasury note averaged 1.61 percent. This forecast is for it to fall to 1.30 percent by November 2021

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https://www.statista.com/statistics/247565/monthly-average-10-year-us-treasury-note-yield-2012-2013/ Mainstream consensus is 1.9% (if not 2.2%!) My own belief is sub-zero in August or Q4. In 1990 a multi-year downtrend began, ending in 1993. Also 2000 – 2003 and 2007 – 2012. All three episodes had “pauses” in the middle. I suspect Q1, Q2 are that pause. Possibly with Q3 as part of … Read more

Southwestern states preparing to cope with first ever water emergency

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https://www.msn.com/en-us/weather/topstories/facing-a-colorado-river-shortage-arizona-prepares-for-the-pain-of-water-cutbacks/ar-BB1gehC4 With the Colorado River’s largest reservoir just 38% full and declining toward the threshold of a first-ever shortage, Arizona water officials convened an online meeting this week to outline how the state will deal with water cutbacks, saying the reductions will be “painful” but plans are in place to lessen the blow for affected … Read more

SPX P/E ratio at a level last seen during the late irrational exuberance period.

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$SPX P/E ratio at a level last seen during the late irrational exuberance period. The rest is history. @markets pic.twitter.com/5DDBdrAKAz — Michael A. Arouet (@MichaelAArouet) May 1, 2021 Vigilance required. A plethora of E/wedges. No room for complacency . No room for ignorance. No room for rent. pic.twitter.com/dz8VdIGlBy — The Great Martis (@great_martis) May 1, … Read more

Violent Criminal Gangs Become More Powerful Each Day as Venezuela Crumbles

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by J.G. Martinez Violent criminal gangs are running more than half of Venezuela. Some people know how messed up Venezuela is these days. Having lived there for decades, I have a better understanding of why. Until there is a return to democracy, however, I can’t fully disclose the reasons.  Recently a shooting incident left several officers and civilians injured … Read more

CULTURE OF CORRUPTION: Powerful teachers union influenced CDC on school reopenings, emails show.

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The American Federation of Teachers lobbied the Centers for Disease Control and Prevention on, and even suggested language for, the federal agency’s school-reopening guidance released in February. The powerful teachers union’s full-court press preceded the federal agency putting the brakes on a full re-opening of in-person classrooms, emails between top CDC, AFT and White House … Read more