The end of the greatest bubble of all time
- Posted by Allan Lederman
- On July 12, 2016
- 0 Comments
The bond market is littered with the bodies of those attempted shorts. 35 years make for a lot of corpses. At the risk of seeming foolish, the risk reward favors the short side more than ever. There may be more pain ahead, but for those who stay the course the rewards will be great. If rates rise the debt service will explode, the dollar will rise & crash the world economy. Pick your poison. Don’t forget: gold is money, everything else is credit.