All you got is this moment
The twenty first century's yesterday
You can care all you want
Everybody does, yeah, that's ok
--INXS
Prospective reverse head-and-shoulders pattern tracing out in 10 yr yields.
For many chartgazers, the 3% level (TNX 30) is the level of lore that would signify a brave new world if breeched.
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A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
~Ron Paul
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