A lot of people regard the Federal Reserve as omnipotent. But it’s not.
The bond market is more powerful. And its days of deferring to the Fed’s wishes may soon be over.
Should that happen, all heck will break loose in the markets.
And bond yields are now rising as the Fed accelerates its tapering, on the way to then raising interest rates.
The last time today’s guest expert was on the program, he warned that the bubble in financial asset prices would be popped by “trouble in the bond market”. So, with interest rates now on the rise, how close to “trouble” are we now?
To find out, let’s ask the man himself: investor and analyst Bill Fleckenstein of Fleckenstein Capital.
To-date, Adam’s efforts have educated and informed millions of people just like you, and directed hundreds of $millions of their investment capital into good protection and stewardship – achievements he’s very proud of because he predicts challenging times lie ahead for the unprepared investor.
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