In 2015

Gary Kaltbaum:

In 2015, everybody’s going to be talking about one thing and one thing only:

Why didn’t we stop this maniac and his maniacal policies of printing money…and printing money.

…because here is the outcome: We have the Mother of the Mother of Mother of all Bond Market Bubbles. They are sticking a cork into the Bond Market by printing money hand over fist. $85 billion a month!

I don’t think even I can fathom that number.

Investors are forced into things they may not want to do. Bond market yield and price are complete dislocated, completely ripped, and completely manipulated. But if we do know one thing about bubbles, they pop.

Every bubble in history has popped.

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Write this down: In 2015, the masses will be cursing out Ben Bernanke – maybe earlier than that. And it’s a shame. I don’t know how we got to the point where one person can control trillions of dollars that are not even in circulation and nobody says a word and Wall Street is hush hush.

There’s just a select few on Wall Street that have the grapefruits to blast this guy.

I’m one of them.

6 thoughts on “In 2015”

  2. November I opted to take a pension as a lump sum payment. Pension funds are big holders of bonds soon to be bag holders of bonds.

  3. Curse his predecessor too. Surely, Greenspan was not so naive?

    http://www.bloomberg.com/news/2012-12-13/rigged-libor-with-police-nearby-shows-flaw-of-light-touch.html

    “Through all of my experience, what I never contemplated was that there were bankers who would purposely misrepresent facts to banking authorities,” Alan Greenspan, chairman of the U.S. Federal Reserve from 1987 to 2006, said in a phone interview. “You were honor-bound to report accurately, and it never entered my mind that, aside from a fringe element, it would be otherwise. I was wrong.”

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