From Gold Scents:
We've had quite the debate lately as to whether bonds are in a bubble or not. I actually think they
were in a bubble, but the bubble has already popped.
First off, know that bond cycles tend to be very long and reverse very slowly. So we aren't going to see bonds just collapse like a stock market crash and all of a sudden we have interest rates pushing 15%. That just doesn't happen in the bond market.
Know also that...
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Bill Gross: 30-year bull market in bonds is finished
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