When did you realize the US is one of the most socialist countries in the world?If bond yiels keep rising the government will have to slash spending and that will crater the economy and the stock market.
>>62578345Three bottom countries on chart are collapsing
>>62578423you might be correct
>>62578423Why shouldn't China borrow? Interest on China's central government debt is low. Investors are almost giving China's government money for free. The Chinese state invests the money in things, mostly things that improve the resilience of the economy to external shocks, which further drives down default risk and thus further drives down interest payments on debt.India's deficit is about equal to GDP growth, so India's debt-to-GDP isn't growing despite the deficitThe US, on the other hand...
>>62578570>Chinese state invests the money in things
>>62578570China knows how to offload baggies, and this is not a problem.
>>62578882well, the life expenctancy in China is also lower
this is fine
US 10-Year Yield at 4.71%Something important is happening in global markets.The US 10-Year Treasury yield is at 4.71%, almost touching its 52-week high of 4.75%.
