Bonds are exploding as Homo investus demands safety:
The Fed's target funds rate can't go any lower than zero. Bond euphoria won't last forever, and the Fed can't possibly explain an exit strategy that won't devalue the dollar:
Good luck with that. I'm staying as far away from this oncoming train wreck as I possibly can.
Nota bene: Anthony J. Alfidi owns no Treasuries at this time due to the default risk posed by massive government borrowing combined with plunging tax revenue.
Bond investors across the country are snapping up 10-year Treasury notes as expectations for a U.S. economic recovery this year disappear.
The Fed's target funds rate can't go any lower than zero. Bond euphoria won't last forever, and the Fed can't possibly explain an exit strategy that won't devalue the dollar:
Federal Reserve Chairman Ben S. Bernanke probably will show how the central bank will exit the biggest monetary expansion in history when he reports to Congress next week, economists said.
Good luck with that. I'm staying as far away from this oncoming train wreck as I possibly can.
Nota bene: Anthony J. Alfidi owns no Treasuries at this time due to the default risk posed by massive government borrowing combined with plunging tax revenue.
