Friday, May 29, 2009

The Bond Vigilantes

Are saddlin’ up to ride the comeback trail.

 Given the extraordinary explosion of deficits under Obama, and the monetization of the resulting pile up of debt, this was entirely predictable.

 I suspect that when they’re done dumping Treasuries, they’ll be moving their money into real assets. They certainly won’t by buying bonds from unionized corporations.

Or waiting around for the Obama Inflation to hit.