🧵 1. US Treasury bond yields could easily double, defying expectations of stabilization or decline, as the post-Bretton Woods era comes to an end. #finance
🧵 1. US Treasury bond yields could easily double, defying expectations of stabilization or decline, as the post-Bretton Woods era comes to an end. #finance
🧵 2. The Great Unwind is underway, driven by monetary and currency distortions since Bretton Woods. It won't be a trivial matter.
🧵 3. The trigger for the Great Unwind will be capital outflows from the dollar, leading to a funding crisis for the US Government.
🧵 4. With energy prices rising and economic factors turning negative, bond yields are unlikely to decline significantly in the coming months.
🧵 5. Not just US Treasury yields, but Eurozone bonds, UK gilts, and Japanese government bonds are exhibiting the same concerning trend.
🧵 Read more at: https://www.zerohedge.com/economics/macleod-beware-great-unwind