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by Martin Armstrong Student loan defaults have surged to 9.2 million borrowers, representing roughly one in every five people with student debt. What is astonishing is the speed of the deterioration. There were approximately 6 million borrowers in default last August. That figure jumped to 7.7 million by December. By April it had reached 9.2 … Read more
Markets just erased a trillion while long yields hit 19 year highs. 30-year Treasury yield hits highest level since 2007 after Fed keeps rates unchanged Yields on longer-dated U.S. Treasurys rose on Wednesday, as traders weighed whether the Federal Reserve can keep inflation at bay following its latest monetary policy decision. The 30-year Treasury bond … Read more