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One Trader Explains His Long Treasury Vol. Experiment
By Kevin Muir of “The Macro Tourist” fame; reposted here with permission
Today I have decided to try something a little different, but before we start with my experiment, let me sketch out what’s driving this line of thinking.
I have long believed the next financial crisis will not emanate from risk assets, but instead will result from governments losing control of their bond markets. I am a big fan of Bill Fleckenstein’s line:
Sure, we will have risk hiccups as Central Banks atte
I completely agree, the end game is a sovereign debt crisis. But the timing is still indeterminate, or am I wrong?
This was a fascinating article for an ordinary retail investor like myself. Thanks!
I trade commodities and stock index derivatives, but once in a while also BTP/Bund, I will follow this experiment, I could learn something.