Thursday, May 31, 2012

The Ten Year

Forget about the stock market, forget about the fake unemployment numbers, forget about the fake GDP numbers. What you should be watching is the 10 year note. It’s now at 1.57% and as you can see on this chart we are now lower than where we were during the Great Depression. Every day this rate declines the harder it’ll be for our economy to recover.
The 10 year rate below depression era numbers, points to a lost generation. What this means is people in their twenties may not see prosperity in time to recover from this tragedy. What this means is a generation’s mindset changes from hope to despair. This still can be seen in what’s left of the Depression era children who not only endured the Great Depression but had to fight a World War. Those Americans have never recovered from the need to be frugal and are still threat-sensitive, knowing that the enemy is really at the door.
For America, this didn’t have to happen, but it did. Now we need to get out of it as soon as possible or we could lose several generations or all future generations. – N.P.Contompasis

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