Misery at Home and Mayhem Abroad

Oh boy, more sanctions...how has that worked out? It is obvious they can't learn. Well here they go again against China and India...what is that, about half the world's human population? You think it might come back and bite us in the ass? I do. But it's not just sanctions against other nations, no, they are sanctioning the students peacefully protesting the genocide in Gaza. Expelling them, locking them out of their dorms, targeting them as they develop their careers. It is the empire come home to roost.

Given the problems with SVB and Credit Suisse, it's probably not a surprise that the banking index is showing stress.

But what is going on in short-to-medium term Treasuries is far more disturbing.

Spring into Summer

Here in the northern hemisphere it is short nights and long days for the near term. It's funny to me how our sense of time changes. When the COVID-19 isolation was begun, it seemed like time was dragging, but now in the height of garden season and homestead maintenance, time flies. I can't keep up. The corona virus continues with more conundrums, cases, and deaths. The political kabuki theater continues to entertain and perplex. Racism continues to be endemic in our culture. The war drums continue to beat. And the Fed continues creating currency and transferring it to the wealthiest among us. At the same time the planet continues to rotate, revolve around our star, and travel with our solar system around our galaxy, as the galaxy itself speeds through space.

Just how bad will it get?
Symbolically, this is a good indication.