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Don't forget that even the long end of the debt market is returning a negative real interest rate. Even the "official" gub'mint figures for inflation exceed the yield on the long bond and they are probably understated.
Dec 06 21:58 pm
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All Comments by Smarty_Pants »The Dollar vs. Treasuries Dichotomy [View article]
You have to scratch your head when everyone is piling into an investment guaranteed to lose you money over time. Doubly so when they are buying debt from the largest debtor on the planet.
It will have to end eventually, but as several have noted in earlier posts, bubbles can be persistent. Tread carefully.