Consider previous post about declining holdings of US Treasuries and you will see the consequences for Stagflation victim - USD. Long term chart of 30-year US Treasury Yield is in definite break out from multi year Down Trend after Double Bottom Reversal formation. Appetite for subprime currency and assets denominated in it is falling and in order to sell this Junk even AAA rated you need to raise premium - yield. More selling of treasuries by China, Japan and other USA creditors will put more pressure on prices and yield will go higher with USD going down. Gold, Silver and commodities will fly.
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