I thought I would put up this excellent interview of Jim Rogers as I sit here late at night watching the bond futures sell off again.
The Bearded "money printer" once again gets called out by Mr. Rogers who argues that Ben only knows how to do one thing and that is print.
It's going to be interesting watching the bond market tomorrow. The 10 year auction should get announced at 1pm. If this auction bombs tomorrow then the wheels of our economy could most definitely start falling off.
I am not expecting this to happen, but I find it surreal that we are basically only one bad bond auction away from a potential bond market collapse.
The Fed is going to look around one morning and find that they are the only bidders at the bond auction as the world slowly realizes that the gig is up and decides to "walk away" from our bonds.
I will be here tomorrow to report the fireworks.