---
title: "Macro"
url: https://independentstockanalysis.com/macro/
description: "“…if their 3% 30-Year Bonds move to a 5% yield, they’ll be showing a 30% loss in principal…If long bond rates move from 3% to 7%, (assuming a 3% coupon…"
published: 2012-06-11
updated: 2012-06-11
---

# Macro

Published 2012-06-11

Posted on

by

J.J. Butler

“…if their 3% 30-Year Bonds move to a 5% yield, they’ll be showing a 30% loss in principal…If long bond rates move from 3% to 7%, (assuming a 3% coupon, 30-year bond) they’ve lost half their savings.” from *Things That Make You Go Hmmm* via [Zero Hedge](http://www.zerohedge.com/news/things-make-you-go-hmmm-such-pavlovian-markets).

“By our analysis, the U.S. economy is presently entering a recession. Not next year; not later this year; but now.” If so, expect volatility and the **Big Print**. [Hussman](http://hussman.net/wmc/wmc120611.htm)

“Italy must guarantee 22pc of the bail-out funds (for Spain).” That’ll work out well. Ambrose Evans-Pritchard at the [Telegraph](http://www.telegraph.co.uk/finance/comment/9322861/Debt-crisis-Europes-democracies-must-not-subcontract-their-destiny-to-the-Bundebank.html).

Where the World’s Millionaires Live, particularly interesting since I met a number of wonderful Singaporean young adults yesterday: [Ritholtz](http://www.ritholtz.com/blog/2012/06/where-the-worlds-millionaires-live/#more-80241).