Timing (These Assholes) Is Everything

By Quoth the Raven

“Probably the first bond market to crack up will be in Japan but maybe it won’t. Maybe it’ll be here. I don’t really care if I miss the first break because they’re gonna come with QE4. The trade I want to catch is when people wake up to the fact that these Central Bank strategies are failures. They are the arsonists that create the fire, they’re not the firemen that put it out, even though they claim to be the latter.”