Comment: The timing may be total BS but the fundamentals are ironclad

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The timing may be total BS but the fundamentals are ironclad

The timing may be total BS but the fundamentals are ironclad: the Fed and indeed all global banks have rapidly inflated a bond bubble in the 2010s much larger than the horrific real estate bubble of the 2000s, and its bursting is only a matter of time.

WHEN is the big question and only the person who guesses right will look smart coming out of the fray. The others will be smart but not shine. Whatever.

The reality is, sovereign states are hanging by a thread five years into this crisis and, like the Great Depression, the crash of 1929 took a while before the banking panic of 1933 and a host of sovereign defaults of the next couple of years.

I don't buy the doomsday scenario. I go for the LONG MOLDY ROT & CRUMBLE scenario punctuated by the occasional support beam failure.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"