Our unofficial “Deflation Chancellor”, David Rosenberg, penned an excellent rebuttal to a WSJ Op-Ed piece by Jeremy Siegel and Jeremy Schwartz entitled The Great American Bond Bubble.
Rosenberg dispels a lot of “common wisdom” with regards to what drives interest rates and the bond market. His analysis, as always, is superb. You can read his missive in today’s Breakfast With Dave here.
(Note: I did not upload this issue myself – I’m only linking to an uploaded version I found on the web. You might want to save this PDF locally on your machine in case it gets taken down at some point.)
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More Rosenberg: Is the Bond Market Signaling an Impending Stock Market Collapse?