The bond markets are going to get spooked sooner than we are prepared for. If the US does not show up with a credible deficit-reduction program by the end of 2013, we could see interest rates rising even in the face of a deflationary recession.
August 8th, 2011 | John Mauldin | 0 comments | ContinuedArchive for John Mauldin
John Mauldin is the creative force behind the Millennium Wave investment theory. John is a New York Times best-selling author with a unique ability to present complex financial topics and make them understandable to the lay reader. He has authored Just One Thing, Eavesdropping on Millionaires: Secrets of the World's Wealthiest Investors, and Bull's Eye Investing: Targeting Real Returns in a Smoke and Mirrors Market.
