Long rates continue to soar.

[KnightWhoSaysNit]

This is what you get when the bond market does not believe that the government is serious about controlling inflation.

This bond crash will be followed by declining (real) stock valuations as profit margins are squeezed and the equity risk premium moves into nonsensical territory. In essence, we have economic growth via inflation. Great, huh?

Thanks Joe. Thanks Dems for spending on things that make no sense and do not produce anything. Thanks for wrecking society. We love urban anarchy.