Select Page
Third Worst

Third Worst

U.S. Treasuries are in the midst of their third worst drawdown in history.  No wonder investor sentiment is extremely negative.  Hat tip Wall Street Silver/@WallStreetSilv  
Major Pain

Major Pain

The bond market has gotten crushed this year.  This flush has dragged down the ‘balanced’ 60/40 portfolio.  Hence, the extremely bearish sentiment from individual investors.  There has simply been nowhere to hide.   Hat tip Jim Bianco/@biancoresearch The...
The Mortgage Bubble

The Mortgage Bubble

“US average annual mortgage payment.  The 2005/2006 bubble looks almost cute compared with recent developments.  And some people really deem real estate as an inflation hedge at the moment.” Hat tip Michael A. Arouet/@MichaelAArouet