Could the bond market be signaling it is backing off?
*Dow Theory Letters, by Richard Russell, April 13, 2009:
"The bond market may be 'backing off' for fear of rising inflation.
Fed Chief Ben Bernanke has embarked on an all-out policy of 'print and
spend.' The government is creating trillions of Federal Reserve Notes
in a massive effort to support a debt-laden economy. Today a trillion
is the new billion. The sheer amount of fiat money that is being
created is frightening many of our creditors, such as China and
Germany. Frightening them to the point where the talk is of a 'new
world reserve currency.' The new currency will be a basket of
currencies including the yuan, the euro, the dollar and gold, and it
will be run by the IMF. As Bernanke goes wild in printing, our
creditors become increasingly worried about the dollar as a store of
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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