I’ve been saying the same since about 1994. It’s just that the manipulation has been so extensive, no one believes it. And in the short term, there’s money to be made but at the price of a country’s soul. Interesting times ahead.
1994 was about the time I started cashing in my old E bonds. Just looked like they were going to turn into krap and pretty much have. I used most of the money to buy more guns and they have done way better.
But here’s my question: If this whole zero interest rate thing with the Fed “buying” all the US gummint debt is such a flaming good idea why didn’t they do it back in the Carter high interest rate years?. Those double digit rates hurt us for over a decade and this bubble started just at the time that rates got back to normal in the late 90’s? Huh? Why? It is indeed time to be on your financial toes.