Over the years we’ve made a pretty big deal about how the herds get put off sides in bonds prior to macro cycle changes. The 2008 deflationary event put ’em all in on long-term Treasury bonds prior to the whopper of an inflation that Bernanke brewed up. A massive rise in yields followed. The Q1 2011 inflation trade climax took ’em all out as the … Continue reading Time to Talk Bonds Again