Large Systematic Risk? A European sovereign debt crisis

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 Dude at the Dance.”  Who in their right…