“It’s kind of shocking when you think that we have all this issuance going on. We have people threatening not to buy the bonds (i.e. China, Russia, whatever). And people saying that there’s this great economy, and yet yields are going down. And as you point out it’s quite a dichotomy.
Normally, bonds are telling you the economy sucks. And I’ve always been in the camp that the economy has been held together simply by low interest rates, and the minute they start going up, it’s over… It just spells doom and gloom for stocks, and profits and budget deficits.
- Source, Sprott Money
