Bob I am not a bond market expert nor am I a novice. I do have access to some very expert bond market guys though. I have been waiting for th ebond market to pop for quite a long time but am out of the guessing business for it.
The current administration is not going to let the bond market pop. Even if they have to give the entire state of Alaska to China, I do not seem them letting that market roll over just yet. Things are entirely to fragile right now so they need to slow roll the process just like everything else.
Look back at previous posts and we have discussed all of this as nauseam so you are not really bringing anything new to the table. We all admit it will pop, we all admit that we could/should see double digit interest rates like the 80s and the only disagreement is when.
If you think Obama is gonna let this happen in the next few months or even a year I disagree entirely. It doesn’t matter what he has to put up as collateral.
