THE VERY NOTION THAT A 10 YEAR BOND SHOULD PAY LESS THAN 6.5% GIVEN THE BUBBLE LOVING NATURE OF THE FED...IS JUST NUTS.
HISTORIANS WILL NOT ASK: WHY DID THIS BUBBLE CRASH...BUT RATHER WHY DID IT HAPPEN AT ALL...
MY HUNCH IS THAT INTERNATIONAL CAPITAL WAS BEHIND IT...REMEMBER, IF THE DOLLAR FALLS...ALL THE "GAINS" ARE REALLY ILLUSIONS...
AND OF COURSE THE DOLLAR MUST FALL...UNLESS YOU CAN PROVE THAT THE LAWS OF MACROECONOMICS HAVE BEEN CANCELLED...
