Blow-Out Jobs Report — John Rubino #5851
Blow-out jobs report means interest rates have to rise. 10-year Treasury broke 4% this morning. In the past two bubbles interest rates rose along with stocks until the markets broke. https://rubino.substack.com/p/until-something-breaks The Big...
July 10, 202337m 13s
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Show Notes
Blow-out jobs report means interest rates have to rise. 10-year Treasury broke 4% this morning. In the past two bubbles interest rates rose along with stocks until the markets broke. We're repeating that pattern. The Big Toy indicator is flashing: RV and Rolex sales down. Commodities getting whacked. Are we in a bear market? France is burning. A sign of the future? Quality of life in our major cities is rapidly declining The Supreme Court is issuing some big rulings. What does that mean? -- Affirmative action -- Web design/bakery "compelled speech" -- Student debt (separation of powers) goes back to baby boomers, when college was cheap https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf -- Louisiana court banned gov't social media censorship https://www.politico.com/f/?id=00000189-2209-d8dd-a1ed-7a2de8d80000 (Trump was a hugely consequential president!) Visit John at: https://rubino.substack.com Visit FSN at: https://FinancialSurvivalNetwork.com