Bill Gross has said long rates might hit 3%?
He might be right. The hedgers are still caught! The ratio of CRB futures to bond futures is extemely high!
What is going to happen to the stock market if the long bond falls to 3%?
What will happen to real estate?
Will there be panic and fear for deflation or will there be joy in Mudville?
Thursday, August 11, 2005
BONDS ARE GETTING SQUEEZED!
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