Bidenomics And The BIG Corporate Bias! Smaller Companies Paying Record Interest Without Boost From Interest Income (US Treasury Yield Curve Remains Inverted With Massive Fed Stimulus Outstanding)

#bubble, #inflation, #wine, Banking, CMBS, CRE, Credit, Cryptocurrencies, Currency, ECB, Economy, Existing Home Sales, Fed, Freddie Mac, Housing, Inflation, Mortgage, New Home Sales, Oil, Powell, PPI, REITs, Silver, Treasuries, Treasury, Wages, Yellen, Yield Curve 1 Minute

We know that the horribly-flawed Bidenomics doesn’t work, unless you are a large corporate donor in green energy. For the rest, particulary small companies, Bidenomics is a total bust.

Under Bidenomics (the Soviet-style command economy), small companies are paying reconrd interest expense WITHOUT a major boost from interest income. Well, ain’t that a kick in the head … to most companies.

Pension funds that invested in “safe” MBS are finding that MBS isn’t so safe under inflation.

Look at the 10Y-2Y yield curve since Covid. I had a slight surge by March 2021, then has flattened then inverted as The Fed’s balance sheet still remains above $8 trillion.

Face it. The Biden Administration and Congress are owned by BIG corporate interests. BIG defense, BIG tech. BIG Pharma, BIG banking, BIG auto, BIG Union, BIG anything.

No wonder the Obamas were seen snorkeling in The Med with Tom Hanks and Steven Spielberg. BIG Hollywood!

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Published by confoundedinterest17

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