For the coming bond bubble disaster
Wednesday, August 27, 2014, 8:17 PM
The current bubble in financial assets -- in both equities and bonds of all grades and quality -- raging in every major market across the globe is no accident.
It's a deliberate creation. An intentional result of policy.
Therefore, when it bursts, we shouldn't regard the resulting damage as some freak act of nature or other such outcome outside of our control. To reiterate, the carnage will be the very predictable result of our terribly shortsighted decision-making and defective logic. » Read more