by Porter Stansberry, Casey Research:
If you haven’t noticed, a historic mania has developed in the world’s bond markets.
Central banks have pushed so much new money into bonds (in an effort to manipulate interest rates lower) that corporate bonds have begun trading with negative yields, meaning that corporations are now being paid to borrow.
This, as you might realize, makes absolutely no sense. Sooner or later, it’s going to cause catastrophic problems with the world economy – perhaps even the collapse of the entire financial system.
I hope you’ll print out today’s essay, read it carefully, and continue to monitor a few of the data points I detail below. What I’ve written here is a guide to understanding how this incredible global mania will end…and when.