IF TROUBLE COMES TO WALL STREET...REAL TROUBLE...IT USUALLY COMES FROM THE BOND MARKET...
AND GUESS WHAT...? IN THE FACE OF THE RECENT ECONOMIC AND MARKET FANTASYLAND...THE BOND MARKET IS STARTING TO REACT...RATIONALLY...!
STOCKS CAN BE IRRATIONAL FOR A LONG LONG TIME...
BONDS...ALAS, CAN ONLY STAY IRRATIONAL FOR A WHILE... SOONER OR LATER THE "GROWUPS" WHO SUPPORT THE BOND MARKET WILL "REVERT" TO MACRO ECONOMIC REALITY...
IF THAT IS HAPPENING NOW...
THERE IS NO END TO THE TROUBLE THAT COULD BRING...
I HAVE EVERY EXPECTATION THAT THE BOND MARKET WILL "RAISE RATES" ....NOT THE FED...
THE FED IS SIMPLY THE TOOL OF WALL STREET AND THE BIG BANKS NOW...AND CAN NOT BE EXPECTED TO DO ANYTHING WITHOUT WALL STREETS APPROVAL...
THE BOND MARKET IS SUPPORTED BY THE PEOPLE WHO ARE SUPPORTING US... THE CHINESE FOR ONE...AND THE REST OF THE WORLD'S CENTRAL BANKS...
THE CHINESE HAVE BEEN MAKING OMINOUS COMMENTS ABOUT THE DOLLAR RECENTLY...AND NOW THE BOND MARKET IS STARTING TO COLLAPSE...AS THE "WORLD'S WORST BUBBLE"...IN BONDS UNWINDS...
IF THIS IS NOT THE END OF THE BERNANKE BUCKS RECOVERY...
IT IS THE BEGINNING OF THE END....
