Finally the time has come when I can call someone else a doomsayer. One of the more amusing things about be trailed by a bunch of MSM copycats is watching them attempt to be contrarian. After all, a blog by definition can’t be mainstream. That’s like driving a car with no wheels, drinking a beer with no fizz or being an Australian that hates property. It’s an oxymoron.
So, in recent times, the fear that’s been picked up by said MSMblogs is that bonds are turning into a VOLCANO! From The Australian:
But it’s worth noting that the “bondcano” is still erupting, with negative consequences for so-called “bond proxies” and potentially the entire market in the short term if bond yields rise any further.
