In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:
- The Crashing Treasury Curve
- Interest rates are on the move
- Get Ready For Interest Rates To Start Rising
- The end of a 30-year downtrend
- When Rates Rise, Prices Will Fall
- Bonds, stocks, housing — nearly everything
- What's Next For Bitcoin?
- We're witnessing a historical moment
Charles and Chris discuss the implications to anticipate should interest rates indeed start rising. The quick summary? It will change everything…
After 30 plus years of declining — nothing goes in a straight line forever. Bond yields aren't going to go from near 0% to -10%. Based on a reversion to the mean, a lot of people have been anticipating for years that we're close to a point at which interest rates start rising. Other people have done a lot of interesting work on demographics as a driver of inflation. In other words: these are really big trends that can't be reversed by Central Bank policies.
It's a secular shift which every investor has to think through. Individual or institutional money managers, is rotating out of whether that is at the top of its S curve and rotating into something that's at the start, the boost phase, of its S curve. In other words: buy low, sell high, and then buy low again in something else.
by cmartenson 
