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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (3001)3/28/2004 10:37:52 AM
From: Tommaso  Read Replies (7) | Respond to of 116555
 
>>>It will take about one hike to start it, but the ensuing bond rout will be enormous. Again, all in my opinion<<,

Seems like a pretty safe opinion to me. Just wait till tens of millions of people find that their "safe" investments in treasuries or AAA bonds decline by 16% after a single percentage point rise in long term rates. And that's just inside the U.S. What are the Asian holders of U.S. bonds going to think?