30-year Treasury yield tops 5.33%, new 19-year high on inflation, spending concerns

Japan is about to crack

Massive tech borrowing has large ripple effects. Their borrowing rates have gone up significantly. This can't continue at the current rate

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What are the reasons behind japans economic situation? Seems like a race as disciplined and hard working as them wouldn't have problems.

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LINK

Read that^ book. The cliffnotes are the BOJ issued what was known as "window guidance" for decades after WW2. It was secret but it was responsible for their outstanding real economy growth rates. The BOJ basically issued quotas on bank lending towards industry they wanted to experience growth. It all went towards productive growth, real economy shite like cars, consumer electronics, appliances etc... until the '80s when they changed course and began to pressure banks to lend to speculative investments, primarily R/E and equities.

This fueled two of the biggest bubbles in history, both of which grenaded in spectacular fashion between '89 and '92. The BOJ then, paraphrasing Dr. Lacy Hunt here, tried one intervention after another which prolonged economic suffering for 30 years. If they had done nothing they would have fully recovered decades sooner.

Now their debt/gdp is over 250%, the BOJ owns over 50% of all JGBs, their demographics are fricked, and they import all their energy which, since Ukraine/Iran has them bent over a barrel. The yen is collapsing and their bond market is blowing up. Bessent is diligently applying duct tape and super glue to the seams but it will eventually bust and impact the dollar and treasuries since global sovereign debt markets are an interconnected and tangled Gordian Knot.

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inflation starting to really show up.

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On the inflation side, recent readings have shown low levels of overall price increases in June and July, but the annual rate remains well above the Fed’s 2% target.

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This article is just massive fear porn

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Treasury buy back plan is lowering yeilds this morning.

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Band-aid on a gunshot wound. Also...

lol

We are going to “grow our way out of it.” Biden left a mess.
So ssys Bessent

30 Trillion since 2008.

Inflating our way into NKCY.

Too big too fail is 10-50xs larger with trillions in derivative bets