Bond crush!..........................from Rico

It looks like the "bond crush" of 1994 has been perfectly replicated in 2013.

Then, as now, the much-repeated mantra has been "it can't happen...it can't happen...it can't happen" which is absolutely true. Until it does.

............it just happened.

Tapering? Fat chance.

- Debt monetization will continue because it must continue, as the FED is now the monetizer of last resort with a rate of +90%.