"We live in a world where love itself is condemned. People call it weakness, something to grow out of. Some are saying: 'Let each one become as strong as he can, and let the weak perish.' They say that the Christian religion with its preaching about love is a thing of the past. The neo-paganism [of the Nazis] may well cast off love but, in spite of everything, history teaches us that we shall be the victors over this. We shall not forsake love." Titus Brandsma, executed at Dachau, 26 July 1942
We are not sure what to make of this drawdown in the short end of Treasuries.
The Fed says don't worry, that's just us buying up the market.
Perhaps they are rebuilding their bank panic breakwall.
But in the meanwhile, we'll head to higher ground for a better view.
