is around the highest level since 2014. The economic data spurred bets on another 75 basis points Fed interest-rate hike.scheduled bond purchases as the intensifying weakness in Treasuries puts upward pressure on global yields.
Markets are also contending with a debilitating energy crisis in Europe and Covid lockdowns in China, which continues to pursue a strategy of eliminating the virus despite the attendant economic cost. Concerns are growing about the outlook for company earnings given the various global economic headwinds.
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The USA prints funny money at the drop of a hat to prop up the dollar. They were the first to do it because capitalism ‘permits’ it.
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