Bonds will tank, rates will rise, and gold will shine. I was there in 1980, when rates went through the roof and gold quadrupled quickly.
The trend always reverses when everyone assumes it can only keep going on forever. I have a friend who only manages millionaires money, and in 2006 he said hoursing prices would only fall 10% in the next couple years and then keep going up. He finally sold all his real estate holding last year. And rich people trust these guys?
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