"I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody," James Carville, a political consultant to President Bill Clinton, told the Wall Street Journal in 1993. If you're not intimidated yet by the chaos in the bond market against a backdrop of negative rates, quantitative easing and the prospect of helicopter money, it may be time to start paying attention.
Fear Is Beating Greed In The Bond Market
March 9, 2016
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