Fake Bids, Fake Bonds, Fake Boom

Gary Kaltbaum hit the nail on the head this AM. We are now talking about incendiary greed. The blow off stage of a blind mania in the bond markets. After last night’s panic bond-buying, there is now $15 trillion of negative yielding bonds on the world market including the 10-year German bond at negative 0.60%. […]
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