Read Victor’s July 2018 article about Rules Of The Bond Game here: The Rules of the Bond Game www.theepochtimes.com/opinion…
During this 35+ minute interview, Victor talks about the bond bear market and how the rules for many “markets” and economic data like CPI and Jobs Reports are constantly being changed.
Victor doesn’t think that the Fed and DC will allow deflation (if at all) for more than a few months without more rules changes, goalposts moving, bailouts, QE or Fed rate cuts to try to inflate asset prices.
Victor talks about how this recent bear market in bonds was the largest in American history by a wide margin especially for hedge funds or bank portfolio managers who used leverage on their bond trades.
Victor compares DC’s current policies to that of an emerging market, Banana Republic government like Argentina trying to inflate way its debts.