<<Bonds are falling, though I think soon that will reverse. Is that part of EEU?>>
... Bonds are not things, they are helpless in view of fiat money inflation road kill :0)
More seriously, I think bonds will droop, and then ever more sharply, nominal rates will rise, and then ever more sharply, and real rates would still remain below genuine inflation, as that index rises inexorably, if we are to believe the officialdom across the globe.
Remember, Zimbabwe share market gained 600000+% since 1998. I would guess their bonds tanked, even as interest rate rose, and yet no one buys the 'rising' real estate there ;0)
Welcome to fiat money inflation drama, and it has a simple script - inflation of everything we need, and deflation of everything we have, unless it is gold and proxies.
Those soon to be pointless USD quarters, nickels, and dimes will soon become very expensive to make. My wager is before all is done, we will see massive new issuance of USD 5 coins, good for the parking meters, and the One Dollar bill will become a collectors item, labelled "Designed and Manufactured in America" |
