mortgage-backed security debt


Bud Conrad: The Bursting of the Bond Bubble Is Now Upon Us

And the results will be calamitous
Saturday, October 12, 2013, 2:55 PM

At the recent Casey Research conference in Tucson, AZ, Casey chief economist Bud Conrad stepped up to the podium, reached into his pocket, and pulled out a balloon, which he proceeded to inflate. As it grew, it become clear the word "BONDS" was written across it. For dramatic effect, Bud continued inflating the balloon until it popped. He then looked at the audience and said, "I hope I'm making a point." » Read more