Monday, July 27, 2015

What We Know vs. What We're Told

Here's what we know:

1. The 30-year treasury averaged 3.4% in 2013.
2. The 30-year treasury averaged 3.4% in 2014.
3. The 30-year treasury is currently below 3.0%.
4. Interest rates go up in a rising interest rate environment.

Here's what we're told:

1. It's a rising interest rate environment.
2. The Fed won't allow another recession.
3. The stock market always goes up.
4. The moon is made of green cheese.

2 comments:

  1. Green cheese is downright unAmerican. Which makes it even odder that only Americans have cavorted on the moon (or Nevada, if you happen to be insane).

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  2. Even sharks are cavorting in space, if Sharknado 3 is any indicator. ;)

    ReplyDelete