And Bonds have a long long ways to fall even now...
Where the bond pundits are getting it wrong...is that it's not the strong economy that's causing bonds to fall..
IT'S THE MACROECONOMIC PROSPECTS OF AN EVER WEAKER DOLLAR...!
YOU CAN HAVE A WEAK CURRENCY AND A WEAK ECONOMY AT THE SAME TIME...IT'S DONE ALL THE TIME IN THIRD WORLD NATIONS...
MACRO-ECONOMICALLY SPEAKING... THE US IS BEHAVING EXACTLY LIKE A THIRD WORLD NATION...EXPORTING IT'S RAW MATERIALS AND SCRAP
...AND IMPORTING HIGH VALUE ADDED FINISHED PRODUCTS FROM CHINA AND ELSEWHERE...
AND HEY, IF IT STINKS LIKE A ROTTEN FISH, AND IT LOOKS LIKE A ROTTEN FISH...MAYBE IT IS A ROTTEN FISH...!
AND FOR "ROTTEN FISH" JUST THINK "US BONDS"...AND YOU'LL HAVE IT JUST ABOUT RIGHT...
