by David Haggith, Gold Seek:

Wolf Richter is calling it a “bond bloodbath,” which he says is happening because delusions about the Fed’s fight with inflation are finally giving way. Reality struck home in the latest retail report that showed high increases in retail sales that were in good part due to high increases in inflation. (If you didn’t read The Daily Doom editorial about that yesterday, I highly recommend you do because this is a pivotal moment on the biggest issue that will bring down the economy: “Bonds Bust!”) The bond bubble is the biggest bubble in the “Everything Bubble” that the Fed inflated, so its breaking will bring down the entire “Everything Bubble.”