I hear a giant sucking sound.
Its the US Treasuries sucking all the money and capital in the world. Pulling $$ from any productive use of capital. Paying 2.7% on 30-year paper (2.51% at the low).
I tried to borrow 10k at 3% for 30 years from everybody I know. They just laugh at me. But millions of people give it to treasuries without any second thoughts. Hmm.