Large Systematic Risk? A European sovereign debt crisisGuest Post
By Steve Blumenthal
“We’ve been bulls on 30-year Treasury bonds since 1981 when we stated, “We’re entering the bond rally of a lifetime.”
“Their yields back then were 15.2%, but our forecast called for huge declines in inflation and, with it, a gigantic fall in bond yields to our then-target of 3%.”
“It’s still under way, in our opinion.”
– A. Gary Shilling
Let’s take a look today at just how attractive U.S. interest rates are relative to most of the world. To wit, the title of today’s piece, “The Best Looking . . .
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