Those are sobering words.
And without a doubt, we are in the midst of a massive stock market bubble as well. The chaos that is coming is not just going to affect bonds. In fact, I believe that the greatest stock market crash in U.S. history is coming.
So when will it happen?
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History suggests that it will happen when the Fed raises short term interest rates to the point that the yield curve is inverted.
“And without a doubt, we are in the midst of a massive stock market bubble as well.”
What are you basing the “massive bubble” idea on? The Dow is 20% higher than it was in 1999 in the middle of the dot-com frenzy. What sort of investment frenzy is there now?