them. It is the damnest thing I have ever seen. I hear "oh it's the safest place around", but it is not safe, so who cares if other places are worse off. You die or go broke in ALL of them.
The Fed is gradually replacing bondholders with its own balance sheet, which never has to be paid back. The eventual rate rise will be in spite of Fed actions, not because of them.
The government will pay back it's bonds.The fedreal reserve may have to run the printing press a bit faster.Alan Greenspan said we guarantee the currency but we can't guarantee how much it will be worth.
Investors get frightened and hang on to the seat even when the plane is falling to the earth.....It does't save them, but they are too scared to notice...