via @OccupyWisdom :
The #CPI #inflation number (obviously it’s much higher) is 2.90%
And…the 10 year #treasury is at 2.87%
So…after loaning #money for ten years, you end up with a negative rate of return. Then you have to pay #taxes on top.
The risk free rate is a guaranteed loss
After #taxcuts and rising #interestrates the US interest expense is now 3.5x corporate tax revenue while real rates are still zero/negative What’s next….? Via @beatlesonbankin
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