BOND BUBBLE NOW SEEN AS NORMAL...

BILL GROSS NOW SEES THE BOND BUBBLE AS THE NORM...FOR THE NEXT FEW YEARS...

BASICALLY THE FED HAS PAINTED ITSELF INTO A CORNER...AND IT JUST HAS TO KEEP PAINTING IN A SMALLER AND SMALLER SPACE...

THIS ALL ENDS BADLY...BUT NOT TODAY IS GROSS'S BOTTOM LINE...  IN SHORT ITS LIKE ALL THE OTHER BUBBLES THAT HAVE SUPPORTED THE WEST IN THE LAST 20 YEARS...AS CAPITAL AND PRODUCTION MOVED TO ASIA...

THE REAL QUESTION IS ....WHAT CHANCES THINGS...?  AND WHAT WILL IT LOOK LIKE AFTERWARDS...?

THE DECLINE WE ARE IN...THE FALL AND THE NEW SYSTEM IS YET TO BE DETERMINED...

WIEMAR STYLE HYPERINFLATION...?  A MASSIVE DEPRESSION...?  OR A REVERSION TO SOCIALIST MARXIST ECONOMICS WHICH SEEMS TO RECOGNIZE THAT "ALL ECONOMIES ARE LOCAL"...AND THEY HAVE SOCIAL AS WELL AS ECONOMIC EFFECTS...

MY HUNCH IS THERE IS A NEW SOCIALISM COMING...

WE ARE REALLY SEEING THE FINAL COLLAPSE OF CAPITALISM  JUST AS MARX PREDICTED WE WOULD...

IT SIMPLY TOOK LONGER THAN MARX EXPECTED... LIKE MOST INTELLECTUALS DEALING WITH ECONOMIC AND SOCIAL MATTERS...

MARX SAW THIS COMING BUT HE WAS JUST "TOO EARLY"...AS MOST SMART PEOPLE ARE WHEN "PREDICTING THE MARKETS....!"