From Michael Pento News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The global sovereign bond market is fracturing, and its ramifications for asset prices cannot be overstated. Borrowing costs around this debt-disabled world are now surging. The long-awaited reality check for those that believed they could borrow and print with impunity has arrived. From the U.S., to Europe and across Asia, February witnessed the biggest surge in borrowing costs in years. Thursday, February 25, 2021, was the worst 7-year Note Treasury auction in history. According to Reuters, the auction for $62 billion of 7-year notes by the U.S. Treasury witnessed demand that was the weakes...

When the market cap of equities reaches 183% of GDP and government bonds yield near 0%, or even less overseas, the notion that one can just buy and hold a balanced portfolio is extremely dangerous. The minefield is not packed with IEDs; it is actually replete with tactical nukes. One of those land mines would be the failure to keep the government open and pass more stimulus. I have no special insight here, except D.C. is famous for brinkmanship but always opts to spend more money in the end. Another problem would be the failure to have a peaceful transfer of power come January 20th. Also, the...