Key US yields at 5% and rising.

All those folks out there supporting the Iran war have got it coming. It's going to be a double whammy when the stock market tanks. You lose your life-savings as the debt noose tightens around your neck keeping it shut like the Strait of Hormuz.

Spirit Airlines is the canary in the coal mine.

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whowasthatmaskedman · 70-79, MVIP

If only it was just that. Buried in the dung heap is the hollowed out value of all the Treasure bonds that the Fed has had to buy to soak up demand , if they couldnt push them onto banks and financial institutions or pension funds. The future purchasing power of those "investments" is going to plummet as they mature down the track, unleashing more inflation and risking bank collapses even as Americans are already in a deep recession..😷

sree251 · 41-45, M

@whowasthatmaskedman I moved all my holdings into one-month US Treasuries a year ago. Every 4 weeks they spit out the cash for me to spend. The only non-liquid marketable assets I have are my house and my car. When the stock market tanks - and it will within a year guaranteed - there will be a rush into US Dollars driving up its value which will be better than gold. With the global economic turmoil, America will still be the best place to survive in.

whowasthatmaskedman · 70-79, MVIP

@sree251 In your situation, going short term is the way. All boats rise with the tide, so to speak.. Imagine holding a 10 year bold (as so many pension funds do) against 7% or 8% inflation. And that could be the reality for some years after the initial sudden drop in the value of the dollar against other currencies..😷

sree251 · 41-45, M

@whowasthatmaskedman You mean 10 year bonds? That is a bummer. In these tumultuous times, bonds drop in value like ice cubes in the sun. Bond yields are now at 10%. I wouldn't touch them with a ten foot pole.

1490wayb · 56-60, M

it ALWAYS returns and zoom to a new all time high...ive survived 5 major crashes just fine

PicturesOfABetterTomorrow · 41-45, M

@1490wayb All of that is based on the assumption that the USD will be the world reserve currency. That is absolutely not a given.

The world used to run on the Pound Sterling till it didn't and the British Empire was gone in a single generation.

sree251 · 41-45, M

@PicturesOfABetterTomorrow

All of that is based on the assumption that the USD will be the world reserve currency. That is absolutely not a given.

The petro-dollar cannot be junked in a day. It will take at least a decade for it to decline and get sidelined by an alternative global financial system.

The world used to run on the Pound Sterling till it didn't and the British Empire was gone in a single generation.

Quite right. A generation is about 20 - 30 years. The US dollar will get dumped faster than that based on the way we have debased and weaponized it with our horrid foreign policy.

sunsporter1649 · 70-79, M

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