Gardener

How Real Is the 10-Year's 'Real' Yield?

I wouldn't bet the farm on anything but I do appreciate your well reasoned article. We are in the very uncomfortable position of having nowhere to store wealth. The dollar destruction, Treasury over issuance, high equity P/Es, artificially low interest rates, PM manipulation and a real estate market that is being propped up by the government. The Fed and Treasury are obscuring all these markets and telling us it's for our own good. I trust the market to price risk and right now that's impossible. This kind of intervention is criminal.