Tech selloff pulls Wall Street to two-week lows as oil and yields climb - Reuters

The Story At A Glance

• • Tech stocks fell sharply while oil prices rose due to U.S. Iran tensions.


• • Treasury yields surged with the 30 year yield hitting its highest level since 2007.


• • Rising yields are driving up mortgage rates and general consumer borrowing costs.

Context
The market is reacting to massive government debt supply and persistent inflation fears. Investors are fleeing long dated government debt, causing a global bond rout.

Christian Perspective
The instability in the bond market reflects the spiritual and economic consequences of a nation drowning in unmanaged debt. High borrowing costs punish the hardworking families who seek to build stable homes. This volatility serves as a reminder that earthly treasures and fiat systems are inherently unstable.

Implications
Rising mortgage rates directly threaten the ability of Christian families to achieve the stability of homeownership. Increased costs for energy and credit place an undue burden on the working class while benefiting globalist financial institutions. This economic pressure undermines the traditional patriarchal family unit by making it harder to provide.