Our Tuesday discussion about the cracking sounds emanating from the global bond bubble turned out to be timely. In fact, yesterday's action in the casino provided further hints about the great unwind ahead. That's because the stock market sell-off did not confirm to the phony risk on/risk off dynamic that has prevailed since the financial crisis. That is, there was no robo-trader rotation into the bond market, even as the stock market was on "offer" most of the day.
Lookout Below! The Dream Is Ending
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David Stockman’s Contra Corner isn’t your typical financial tipsheet. Instead it’s an ongoing dialogue about what’s really happening in the markets… the economy… and governments… so you can understand the world around you and make better decisions for yourself.
David believes the world -- certainly the United States -- is at a great inflection point in human history. The massive credit inflation of the last three decades has reached its apogee and is now going to splatter spectacularly.
This will have lasting ramifications on how governments tax and regulate you… the type of work you and your family members will have available and what you get paid… the value of your nest egg… and all other areas comprising your quality of life.