Schiff w/ Bitcoin Magazine: The Bond Bear Market is Just Getting Started - SchiffGold.com
Schiff w/ Bitcoin Magazine: The Bond Bear Market is Just Getting Started - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
Schiff has been calling bond bear markets since the 1970s. He's been right twice and wrong seventeen times. The 10-year at 5.01% is 24% higher than last year, but that's not a bear market — it's normalisation after a decade of Fed price suppression. Real rates are still negative with PPI running 5.44%. When nominal yields trail producer inflation, bondholders are being taxed by debasement, not rewarded for patience.