That’s right. Interest rates are still near historic lows, though. The 3.16% yield on a 30-year U.S. Treasury bond seems like a huge risk unless you’re a foreign investor looking for currency protection and not just yield.
Artificially low rates are nothing more than a tax on savers, and a gift to the banks.
Luke Gromen, FFTT, does excellent analysis on this.
Start here: https://www.macrovoices.com/336-anatomy-of-the-u-s-dollar-end-game-part-1-of-5
Listen to all 5 parts. Snider of Alhambra is the brains of the outfit.
Yusko is best known for betting with/against Warren Buffet.