In April 2020 the 30Y was paying just 1.27% on average (tonight it pays 5.56%).
Core CPI inflation was 1.43% yoy in April 2020.
Silver was $15. It's now up 307%.
Gold was $1,700. It's up 144%.
WTI averaged $16.55. It's up 480%.
SPX averaged 2,762. It's up 179%.
The median sales price of a new home is up 30%.
Imagine needing to sell a 6-year old 30Y you bought in a flight to safety during the pandemic panic and booking a loss of 57%.
