There are fundamental differences between bonds and bond funds and stocks that make a bubble in bonds almost impossible if you apply the definition of “bubble” as applied to the late 90's.Bonds will always pay back your principal.Bonds will always pay back your principal in nominal terms.If, thanks to the Fed's efforts, we'll get a good measure of inflation that may not be an immaterial difference.All assuming the fiat system as such survives, of course...SB
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