Posts with tag bricks

Why I’ve been Harping on Water

Bob Rinear, October 4 2023

Tuesday the yield on the ten year hit 4.757%.  Just three weeks ago the market would have a hissy fit plunge when it came close to just  4.3%

For months on end I’ve been suggesting that some form of credit market/debt market “event” was going to happen and if/when it does, all hell will break out. But, what could it be? The Japan carry trade collapse? A major bank has to “bail in” it’s depositors to save itself? A massive commercial real estate default? I don’t know which one, but something’s lurking out there.

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