And things like politics can be, well… emotional at best or divisive at worst.

Shared Concern Among So Much Division?
In the current Zeitgeist, it's hard to get through the fog of market complexity or the self-censorship of political polarization to arrive at anything even resembling a shared concern.

But we should all be concerned if we are collectively sinking on a global debt ship with not enough lifeboats to save our fiat current's absolute purchasing power.

And when it comes to the water over-filling the air-tight compartments of the U.S. debt Titanic, we need to look soberly at what the Trump America is facing.

Toward this end, let's be blunt.

Can't We All Agree that America is Broke?
Public debt – $37T, unfunded liabilities at $190T. A debt/GDP ratio above 120%, etc.

The USA is in an unprecedented debt trap/spiral, the math, details, history and consequences of which we have been tracking for years.

And history (ignored) tells us an even darker yet simpler truth: debt destroys nations.

Every time and without exception.

Boring Bond Yields

Given that the USA in particular (and the world in general) is witnessing the greatest debt crisis of human history, should we not be equally concerned rather than politically divided when it comes to such boring things like bond yields (which reflect the very cost of debt)?

As for those boring bond yields, let's just keep it broad and simple.

Yields on the 10-year U.S. Treasury represent the cost of money/debt for nearly everyone on the globe, in general and Uncle Sam in particular.

This means that when those yields start to climb too high, just about everything and everyone (including the country you reside in) starts to fall deeper into "uh-oh."

And those yields rise when demand (i.e., purchasing) of those bonds starts to fall.

Read that last line again. Let it sink in.