All the nightmares for stock investors start in the bond market
“If there’s one thing the prophets agree on, it’s that the end will come in the bond market. Even for stocks. Prophesies of doom are everywhere. There’s billionaire investor Stan Druckenmiller, who says our ‘massive debt problem’ will ignite a crisis. Oaktree Capital’s Howard Marks warns that public and private debt will be ‘ground zero when things next go wrong.’ And Citadel’s Ken Griffin sees a credit binge ending badly.”
USAGOLD note: A singular theme appears regularly in the media. We are on the edge of something about to end badly. If compiled, the list of doomsayers – many big names in the investment business – would stretch down the page.
Repost from 10-8-2018