The US Treasury market is now in an out-and-out bubble. When it bursts, no amount of promises by Federal Reserve chairman Ben Bernanke that he will keep rates low will prevent a bond market Armageddon.
Read Full Article »The US Treasury market is now in an out-and-out bubble. When it bursts, no amount of promises by Federal Reserve chairman Ben Bernanke that he will keep rates low will prevent a bond market Armageddon.
Read Full Article »