Interest Update

By -

Interest rate data is hard to find, but SlopeCharts has a wealth of it. Rates have been strengthening all year long (click on any chart for a larger version; the chart’s definition is in the upper-left corner):

My view is that this pop in interest rates is near its end. Considering how suffocated the nations, corporations, and citizens of the Earth are with debt, high rates simply won’t be tolerated. Besides that, looking at the two key charts below, we are approaching some important levels of strong resistance.