Well the timing thing is tough,i always think of those
giant domino displays,one gets nocked over and then
it exponentially gets higher and bigger,faster than
people think,and i believe a few have been nocked
over already.
I blab bonds all the time because of how big that
sector is.
Kick in the derivatives and its many multiples of the
other asset classes.
Treasury yields must be defended at all cost's,this
cause's a currency issue which is bad but more
manageable than a yield spike.
Anybody in the early eighties who seen rates over
18% and still thought wheat was going to the
moon,simply did not understand market function.
You need to think of capital as electricity it WILL seek
out the best return.
So now back to bonds,if the debt can't be paid back
or will be paid back with printed dollars you have a
currency problem.
The interesting part is how these debt problems are
popping up in so many places at once.
giant domino displays,one gets nocked over and then
it exponentially gets higher and bigger,faster than
people think,and i believe a few have been nocked
over already.
I blab bonds all the time because of how big that
sector is.
Kick in the derivatives and its many multiples of the
other asset classes.
Treasury yields must be defended at all cost's,this
cause's a currency issue which is bad but more
manageable than a yield spike.
Anybody in the early eighties who seen rates over
18% and still thought wheat was going to the
moon,simply did not understand market function.
You need to think of capital as electricity it WILL seek
out the best return.
So now back to bonds,if the debt can't be paid back
or will be paid back with printed dollars you have a
currency problem.
The interesting part is how these debt problems are
popping up in so many places at once.
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