{"id":281096,"date":"2025-06-08T08:47:31","date_gmt":"2025-06-08T08:47:31","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/finance\/614-first-friday-the-dollar-is-weak-bonds-are-expensive-and-we-owe-wwii-level-debt\/"},"modified":"2025-06-08T08:47:31","modified_gmt":"2025-06-08T08:47:31","slug":"614-first-friday-the-dollar-is-weak-bonds-are-expensive-and-we-owe-wwii-level-debt","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=281096","title":{"rendered":"#614: First Friday: The Dollar Is Weak, Bonds Are Expensive, and We Owe WWII-Level Debt"},"content":{"rendered":"


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\"\"The US just added 139,000 new jobs in May. That beat expectations. But the real story isn\u2019t in the job numbers \u2014 it\u2019s in the bond market.<\/p>\n

Something unusual is happening in bonds. Treasury yields are spiking. The dollar is weakening. That combination almost never happens together. And it\u2019s signaling concerns about future inflation.<\/p>\n

Trade wars continue on. A federal court just struck down some tariffs. The administration will appeal. Meanwhile, the EU has until July 9 to cut a deal. If they don\u2019t, 50 percent tariffs kick in. As a result, many companies are playing defense instead of growing.<\/p>\n

The debt situation keeps getting worse. We owe $36.2 trillion. That\u2019s more than we owed at the end of World War II as a percentage of our economy. Moody\u2019s just downgraded our credit rating. We\u2019re not alone \u2014 Britain\u2019s bonds just hit their highest levels since 1998.<\/p>\n

The accredited investor rules could finally change. Right now you need an income of $200,000 ($300,000 as a couple) or $1 million in net worth to access private markets. Those numbers haven\u2019t changed since they were written in 1982, even though adjusted for inflation, that $200,000 would be $662,000 today.<\/p>\n

The SEC might start loosening enforcement of the accredited investor rules. That could open up more investments to people who\u2019ve been locked out for decades.<\/p>\n

Crypto is finding its footing. The SEC dropped cases against Coinbase. They\u2019re backing away from treating most crypto like securities. Bitcoin sits near all-time highs. The US keeps building its strategic Bitcoin reserve.<\/p>\n

The House just passed what\u2019s being called the \u201cOne Big Beautiful Bill.\u201d It extends 2017 tax cuts. Eliminates taxes on tips and overtime. The Congressional Budget Office says it\u2019ll add $2.4 trillion to the deficit over 10 years. That\u2019s sparked debate between deficit hawks and growth advocates \u2014\u00a0 including one particularly high-profile debate that has been plastered across the headlines.<\/p>\n

Consumer sentiment stays stuck at 2022 lows. People expect 6.6 percent inflation. The actual rate is 2.3 percent. That gap between what the data says and what people feel shows up everywhere.<\/p>\n

We cover all of this in today\u2019s First Friday economic update.<\/p>\n

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