"About a year ago we were undergoing a pretty similar economic scare to the one we are currently experiencing. The Euro crisis was heating up, the US economy was showing mild signs of slowing and yields on the 10 year were rapidly on the decline. This all sparked a furious debate about the supposed “bond bubble”. The bond bubble calls were near universal. We saw it from Nassim Taleb, Jeremy Siegel, Fortune Magazine, Smart Money magazine and a whole slew of other investors who were predicting the inevitable surge in yields as bond vigilantes attacked the US government bond market and took yields higher in protest..."
at http://pragcap.com/revisiting-the-bond-bubble
at http://pragcap.com/revisiting-the-bond-bubble
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