Not a good time for TC-1

Given the economic landscape in front of us - building high rises is the last thing we want to do (besides we don’t want it anyways.)

Do you know what the UK 30yr gilt (bond) rate was on Friday? 3.5%

Do you know what the UK 30yr gilt rate was on Monday? 4%

Do you know what the UK 30yr gilt rate was on Tuesday? 5%

Do you know what the Bank of England did on Wednesday? They stepped in.

They stepped in by firing up the money printing press to unlimited scale. They do this so they can buy the bonds everyone is selling in a plan to hold the rates down. However this will produce hyper inflation and probably spawn a currency crises - which means their Pound buys less and less quickly. The first domino is falling and we are in the line.

Update: Thursday at 11:00am EST: UK 2yr Bund up .135 If rates keep rising you also have what they call “A sovereign debt crises.” That’s not good either. Unless you want the IMF to rule over us all and we loose our independence. No thank you.