The Bond Bubble – July 2016 Update

In previous posts I have discussed the Bond Bubble and its many facets, as my analyses indicates that the overall bond market is an exceedingly large asset bubble with immensely large and wide-ranging economic implications. Since my last post on the Bond Bubble (the June 24, 2014 post titled “The Bond Bubble – June 2014 Update“) I have … Read more The Bond Bubble – July 2016 Update

The Bond Bubble – June 2014 Update

In previous posts I have discussed the Bond Bubble and its many facets, as my analyses indicates that the overall bond market is an exceedingly large asset bubble with immensely large and wide-ranging economic implications. Since my last post on the Bond Bubble (the February 6, 2013 post titled “The Bond Bubble – February 2013 Update“) I have … Read more The Bond Bubble – June 2014 Update

Additional Thoughts Concerning Rising Interest Rates

On August 22, 2013 I wrote a post titled “The Impact Of Rising Interest Rates,” in which I discussed various wide-ranging impacts of the rising interest rate environment that I believe lack recognition.  In this post, I would like to make additional comments regarding the future level of interest rates, and specifically the 10-Year Treasury … Read more Additional Thoughts Concerning Rising Interest Rates

The Impact Of Rising Interest Rates

With the recent increase in interest rates, perhaps the paramount question is what impact a rising interest rate environment will have on the economy. First, for reference, here is a long-term chart of interest rates from 1962, as seen in Doug Short’s post of August 17 titled “Treasury Yields In Perspective” : (click on chart … Read more The Impact Of Rising Interest Rates

The Bond Bubble – February 2013 Update

In previous posts I have discussed the Bond Bubble and its many facets. Since my last post on the Bond Bubble (the July 25, 2012 post titled “The Bond Bubble – July 2012 Update“) yields of various Treasury maturities have started to increase. Here is a chart depicting the recent movements of various (3-month, 2-Year, 5-Year, 7-Year … Read more The Bond Bubble – February 2013 Update

The Bond Bubble – July 2012 Update

In previous posts I have discussed the Bond Bubble and its many facets. Since my last post on the Bond Bubble (the February 21 post titled “The Bond Bubble – February 2012 Update“) yields of various Treasury maturities have continued to decline and many have been establishing all-time lows in the last few days. Here is a … Read more The Bond Bubble – July 2012 Update

The Bond Bubble – February 2012 Update

In previous posts I have discussed the Bond Bubble and its many facets. Since my last update on August 15, 2011 (“The Bond Bubble – Update“), the yield on the 10-Year Treasury has roughly been in the 1.7%-2.4% range.  This is seen in the 3-year daily chart, LOG-basis, as shown below: (click on chart to enlarge image)(chart … Read more The Bond Bubble – February 2012 Update

The Bond Bubble – Update

In previous posts I have discussed the Bond Bubble and its many facets.  In particular, I would like to highlight my post of October 4 2010, “Thoughts On The Bond Bubble.” During the recent market tumult, bond yields have once again dropped sharply to very low levels, as seen by the yield on the 10-Year … Read more The Bond Bubble – Update

Thoughts On The Bond Bubble

Lately there has been much commentary on whether the bond market is in a bubble.  While many believe such a bubble exists, others – including many prominent investors and commentators – disagree. As I have previously written, I believe that there is a bond bubble encompassing the entire bond market.  While for many reasons one … Read more Thoughts On The Bond Bubble

Identifying The Housing Bubble

The Boston Federal Reserve recently came out with a report dated August 12 titled “Reasonable People Did Disagree:  Optimism and Pessimism About the U.S. Housing Market Before the Crash.” (pdf) A sentence from the abstract is particularly interesting: “We conclude by arguing that economic theory provides little guidance as to what should be the “correct” … Read more Identifying The Housing Bubble