Peter Schiff: Riskiest Thing You Can Do is Buy Bonds
Former Reagan administration OMB Director David Stockman has called this the “mother of all bond bubbles.” Has that bubble popped? That remains to be seen, but bonds got hammered last week.
Bonds have pretty much moved in tandem with gold over the last several weeks as perceived safe-haven trades. Peter Schiff talked about it in his latest podcast, saying he thinks the bond market is eventually going to decouple from gold.
Bond prices have dropped in the neighborhood of 5 to 6% recently. Peter said this wouldn’t be considered that big of a deal