🚨 THIS IS ALARMING
The 30-year yield just hit 5%, AGAIN.
Everyone is panicking about the number but that’s not even the real problem.
The real problem is how long it stays there.
Let me explain:
A 5% yield is not crazy on its own.
In 2000 it was 6.5%.
But in 2000, the US deficit wasn’t $1.9 trillion.
And in 2000, corporate America hadn’t spent a decade borrowing at 2 and 3%.
That debt is maturing now... TRILLIONS OF IT.
Every company that locked in cheap money during COVID has to refinance at rates that are double or triple what they paid.
Mortgages are still above 7% and housing affordability is at a 40-year low.
One week at 5% and everyone moves on.
The 30-year has been above 4.5% for over two years. $9 trillion in corporate debt still needs refinancing into this.
How long it stays there? That’s the only question that matters for now.
If you want to know where I’m deploying capital next, turn on notifications and pay close attention.
Many people will regret not following me sooner, trust me.
History repeatedly shows that American science and engineering solve impossible tasks. I started Substrate because I believed that this impossible task is one worth trying.
The first time I did it, you guys loved it sooo...
Finished this HUGE library of amazing EDITABLE websites you can use for your next project v2.0!
Retweet + Like and comment "Link" for the Figma file!
#buildinpublic#uiux#DailyUI
⚡️ The Branding Checklist
The idea is to keep updating it and make it the best free resource for founders building a brand.
Updates:
→ clonable
→ added some descriptions/frameworks
→ added "who should do it?"
If you want it:
⇾ RT + comment "brand"
And I will DM you.
@TomTrudeau IDK the answer to this but is having back to back TJs where the first surgery just failed the same as having TJ then years later needing a second surgery? Are the outcomes different?