"Why did 10-year Treasurys yield 14% under the vice-like grip of iron-man Volcker, but yield...

"Why did 10-year Treasurys yield 14% under the vice-like grip of iron-man Volcker, but yield just 1.8% under ... Weimar-like Bernanke," asks Hugh Hendry, defining his weapons in the global macro business as irony and paradox. Hendry's latest investor letter describes China's epic, credit-fueled binge, and why the crisis that started in the U.S. and moved to Europe, is about to end in Asia - and how he's playing it by buying CDS on Japanese corporations.

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Comments (6)
  • Todd Johnson
    , contributor
    Comments (6925) | Send Message
    1. Operation Twist.
    2. ZIRP
    3. Deflation now.
    4. Home equity evaporating.
    5. Only jobs are at SBUX.
    6. Europe collapsing.
    1 May 2012, 10:12 PM Reply Like
  • laogao
    , contributor
    Comments (94) | Send Message
    What to buy? What to sell?
    How about an INVESTABLE suggestion?
    1 May 2012, 10:28 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2895) | Send Message
    Because the central bank is conducting counter-cyclical policies.
    1 May 2012, 10:34 PM Reply Like
  • Youngone91
    , contributor
    Comments (198) | Send Message
    It's all about the debt... but Bernanke will never admit it
    1 May 2012, 10:53 PM Reply Like
  • Financial Insights
    , contributor
    Comments (928) | Send Message
    I hope good old Hugh was asking a rhetorical question.
    1 May 2012, 11:50 PM Reply Like
  • rick flair
    , contributor
    Comments (369) | Send Message
    its all irrellivant, the whole ponzi scheme is going to deflationary collapse, bu tnot before an insane-er attempt at reflation....think about how supernovas burn throught thier elements at a faster rate each level....then they reach iron...ka-fkn-blammm...
    2 May 2012, 12:07 AM Reply Like
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