Blowing Bubbles, U.S. Treasury Bonds

Common sense is the knack of seeing things as they are, and doing things as they ought to be done – C.E. Stowe The American media is officially obsessed with sensational terminology when describing the financial markets these days. Nothing trends, it either explodes higher or melts down. We have “flash crashes”, a “new normal” and the frightening “double dip”. We also see bubbles about to burst everywhere.