Why the Treasury Market is Headed for Collapse

Wednesday, May 1, 2013
By Paul Martin

May 1st, 2013

The “Most Overpriced, Oversupplied, Over-owned Market in History”

Michael Pento, president of Pento Portfolio Strategies, believes the U.S. Treasury market is a massive bubble destined to pop with devastating consequences.

Unlike most, Pento is willing to put a timeline on when he believes the bond bubble will burst, which is the theme of his not-so subtly titled new book: The Coming Bond Market Collapse.

Sometime in 2015-16, foreigners creditors will conclude with a high degree of confidence “’it’s impossible the U.S. will ever pay me back in real terms and I demand a higher interest rate,’” he predicts. “It will be just like Greece.”

For individual investors, his advice is simple: “avoid Treasuries like the plague.”

The Rest…HERE

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