Last night, Bloomberg News found little to celebrate. Its article, “Tuesday was a bad day for bonds and stocks alike,” went beyond explaining how the $40 trillion national debt is driving the yields on U.S. long bonds to “a 24-year high,” with “the biggest Treasury selloff since Donald Trump’s global tariff rollout in April 2025.” On the same day that yields “on 30-year Treasuries touched 2002 levels ... The Conference Board released data showing US consumer confidence at a 12-year low and Trump administration data indicating job openings falling to a five-month low.” The Conference Board’s chief economist, Dana Peterson, reported: “Consumers’ write-in responses regarding factors affecting the economy were mostly pessimistic in September. References to prices, the high cost of goods and services, and oil and gas prices in particular, rose to new heights.”