Tuesday, September 20, 2016

The Business Cycle Is Tinder 
For A Banking System Fire
"A lot of people spend too long looking at the Fed. I look at the business cycle and understand what the Fed can and can't do. So if I look at the business cycle again, the probability of them being able to do anything is pretty low. Therefore, it still makes me like bonds over time - it's going to be fantastic setup in the bond market soon, as we talked about, to be long bonds and everybody is out of the trade, it'll be a lovely clear position, economic weakness will be there, and the Fed won't raise rates. Even if they do raise rates, the yield curve will flatten like crazy."
LINK HERE to the article

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