The Fed’s Misguided Beliefs About Currency Debasement
December 06, 2010 at 14:49 PM EST
What does it mean? The chart above shows that the 30-year Treasury bond yield is now higher than the interest rate on 30-year mortgages. What does it mean? The answer is not immediately apparent. On the surface, this chart indicates that the average American mortgage-holder is a better credit risk than the US government. After [...]