THE FEDERAL RESERVE HAS 18 TRILLION REASONS WHY THEY CAN’T SEND INTEREST RATES HIGHER. WHAT HAPPENS TO OUR SAVINGS WHEN THE BUBBLE FINALLY BURSTS?
L. Todd Wood
For the past several decades, bond yields have grinded lower and lower, now reaching effectively 0%. Yet despite such a decline, there has been a lot of talk in the financial press of a growing bubble in the market.