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Bill Fleckenstein: A "Generation-Long" Bear Market In Bonds Lies Ahead
When today's guest expert appeared last on this channel, he warned about a potential moment when the bond market would lose faith in the Fed's ability to tame inflation, at which point it would start pushing yields substantially higher.
Well, long bond yields have indeed surged over the past few months, setting US Treasury bonds up for what looks like an unprecedented third consecutive year of losses -- something that has never happened before in US history.
Are we indeed at the point where the bond market's confidence in the Fed has broken?
Or is this an exceptionally attractive time to buy…
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