So says Martin Hutchinson, here, for The Asia Times.
He thinks the present is a Bond Bubble akin to the Tulip Bubble, and is about to go Pow!
Let's see. A $35 trillion bond market taking a 30 percent haircut wipes out $10.5 trillion vs. a $16 trillion equity market taking a 50 percent haircut wipes out $8 trillion.
Isn't this why cash is so attractive? Especially cash of the Swiss Franc variety backed by relatively enormous gold reserves compared to every other currency?
