Water, water is everywhere – yet there is scarcely a drop to drink. Salt water in any quantity would murder him.
"Rising yields...lead to rising rates, and rising rates are what kills debt-driven asset bubbles...it is essential for these debt-addicted (and failed) policy makers to keep the price (i.e. interest rates) of their debt down – which means they need to keep the yields on their bonds under "control" by keeping bond demand, and hence bond prices up."
- They can further suppress yields by printing trillions more fiat currencies – which means a dramatic (and further) debasement of the same; or...
- They can naturally [allow] bonds to sink and yields (and hence rates) to skyrocket, thereby ushering a total blood bath in stock and bond bubbles reliant on low yields and cheap debt.