Tim Knight takes the long view on interest rates in a chart-driven deep dive. He starts with federal debt now past 40 trillion and growing exponentially on a log scale, then walks the bond bear market as a classic case of riding the escalator up and taking the elevator down, with decades of appreciation undone in about three years.
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Chapters
00:00 Why rates matter to everyone
00:59 The exponential rise in debt
02:05 How the dollar's value shifted
02:37 The bond bull turns to a bear
03:37 Yields off the 1 percent floor
04:24 The five year fakeout
05:55 The 10 year tells the same story
06:40 The two year breaks down too
06:53 Corporate and junk yields double
07:20 Mortgages push toward 6.5
07:50 Housing completions collapse
08:25 Lennar and the home...