Bond Thugs!

Interesting article about bond bubble in US. Explains nicely how Fed's policy of low interest rates pumped up bond prices/real estate prices, and how cary trade became profitable for joe six pack. If they are correct, it does not portend well for US economy. No wonder the Pimco boys are up in arms.

www.atimes.com/atimes/Global_Economy/GA05Dj01.html