Does this mean expectation for inflation is high or low? Just cannot get my mind around why someone would buy negative real rates for five years.
There is a rush to things still going up and treasuries and gold are the only things still going up. People think these are safe havens because that is what bubblevision tells them 24/7.What do you think hedge funds will sell to meet margin calls, when things get REALLY nasty? What do you think China will sell when their RE bubble pops? Don't worry be happy until then.
Can China's real estate bubble pop in a centrally planned economy? They build empty cities that no one lives in, then demolish them and build them all over again. China is living the Greek myth of Sisyphus!