Richard Russell thinks the bond market may be saying ENOUGH with the quantitative easing, reports The Daily Crux.
The bond market is now very close to saying, “We’ve had enough.”
… Many older subscribers probably remember my lifelong emphasis on the POWER of COMPOUNDING. But what of the power of negative compounding on debt? I think we are about to find out.
The power of negative compounding will be brutal. The cost of carrying the world’s debt (including the US national debt) will be devastating. It will be highly deflationary and it will crush everything in its path.