But he closes the article by mentioning that the danger is much greater on the long side of this trade – and mentions a great recent quote on the topic by legendary investor Rick Rule:
“Money will be attracted to the liquidity and transparency of the U.S. long Treasury market. I think this will be the final bubble of my generation. Crowding into a 20-year bond in a depreciating currency when inflation sets in, and long rates inevitably rise, will be a religious experience for the victims, in my opinion.”
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