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T-Bonds: A very big theater with a very small exit

What happens when someone yells "fire"?

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Listen to what he's saying

The issue is not exactly where and when T-Bonds peak, it's what happens afterwards when the mass of buyers that has bought these dogs suddenly want to get out.

You don't have to be able to predict prices to predict what's going to happen.

Huge theater...small exit. It's not going to be pretty.