Opinion and reporting by Mathew Carr

Arsehole bond-trader behavior: CarrZee’s Upshot

This is why bond markets should be taxed to the hilt (and governments should use less debt) and the rich should be taxed MUCH MORE and …. especially let’s tax bond transactions.

Bring back bank wage limits — impose them in all willing countries, tighten the caps, introduce higher income taxes for bankers and other middlemen, who oftentimes add little value as they extract and extract and extract unearned margins. It’s skimming and in the mafia you would have been shot for it.

Yes. The middle-man tax. Enact it.

Debt slavery is still slavery …and against human rights. It’s against the primacy of government of the people, by the people, for the people.

What’s happening; it later went over 4%

The context

Japan’s PM Takaichi will dissolve parliament, call snap election

The vote will decide all 465 seats in parliament’s lower house and mark Takaichi’s first electoral test since becoming nation’s first female leader. (Al Jazeera)

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Higher bond yields mean buyers are insisting on higher interest rates in order to hold the debt for 30 years (for instance). They PERCEIVE higher risk …yet a country with less food inflation (and less inequality) will be LESS RISKY. WTF? Self-serving bullshit, that’s what.

That’s why this market represents “arsehole behavior” this morning, London time.

Takaichi might not win …but she is clever to go early before “UK midterm elections” and US ones.