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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: John Vosilla who wrote (66827)7/25/2006 3:50:17 PM
From: Mike Johnston  Read Replies (1) of 110194
 
Exactly. That is the biggest piece of the puzzle. Conundrum of the century. Treasuries were yielding real 3-4% in the early 90's, now they are yielding negative 3-4%.

Are millions stupid or somebody is playing games ?
Can it be explained by stupid Asian buyers with some extra motivation, as Russ is suggesting ?
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