The Big Bond Bubble is bursting rapidly now, and it’s taking everything down with it, thanks to Fed inflation forcing the demolition of all Fed recoveries at the same time.
by David Haggith Photo by Micah Williams on Unsplash Wolf Richter is calling it a “bond bloodbath,” which he says is happening because delusions about the Fed’s fight with inflation are finally giving way. Reality struck home in the latest retail report that showed high increases in retail sales that were in good part due to high increases in …