My friend known as ‘Da bear’  has been doing wave counts on long term U.S bond rates.  We are both of the opinion we will see a blow off top (that is one last push for lower bonds) before the trend reverses.  U.S bonds have been in a bull market for over 30 years now.  How many more years do you believe it has?  I think long dated government bonds are the true macro distorted bubble we are seeing in the western world.  We use treasuries for the bases of credit for damn near everything and when the trend changes so will the world financial structure.

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The German bund just went negative for the first time.  Watch below:

https://finance.yahoo.com/video/german-bund-goes-negative-093100082.html 

Would you pay your government to loan it money?  I most certainly would not!  I would rather have cash, gold, stocks… hell I would rather buy baseball cards!

Let’s get back to Da Bear’s wave counts:

I lifted these directly off of Da Bear’s FB page.  He doesn’t even have a profile or background image for his page which amuses me. If you have any questions regarding his counts just visit him on his FB page or in the message board.  He’ll respond to you, he loves this stuff.  He has wave counts for just about everything.

 

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