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Wednesday, May 19, 2010 - 6:38 PM
Planning for When the Bond Vigilantes Wake Up
Nouriel Roubini, aka Dr. Doom, said the following in a speech yesterday:
"Bond market vigilantes have already woken up in Greece, in Spain, in Portugal, in Ireland, in Iceland, and soon enough they could wake up in the U.K., in Japan, in the United States, if we keep on running very large fiscal deficits."Sam Cass as BestCashCow provided an insightful analysis of this possibility of bond market vigilantes hitting the US and causing Treasury yields to shoot up. Plus, he reviews some options for investors.
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