So basically: sitting in 5% treasuries when real inflation is above 5% means your purchasing power is getting run over. I mean I guess, but we all need some dry powder right? What if Trump wins and 'fires everyone' as Hillary is saying he will. And isn't the long end mostly bought by the Fed now anyway? Not sure why that matters if they get run over slowly. Japanification
Discussion
We can’t be “Japan” Ben. We don’t self finance our massive budget deficits with massive trade surpluses.
She is saying, get ready for a bond market/purchasing power bloodbath. That not many see coming. And she’s right. 💵 🔥