10Y Treasury Yields are plunging back below 2.00% (lowest in 3 months), WTI crude front-month (March) has just tumbled to a $28 handle, and Dow futures are now down over 500 points from this morning’s exuberant stimulus hope highs…
Crude has collaped back below $29…
Is it me or do others see the irony in buying financial instruments from an entity $19,000,000,000,000.00 in debt while adding to it ever year with no end in site and keeping in mind it also has unfunded liabilities that are a multiple of that amount?
It is like lending money to my drug addict brother.