“The bond-market bust was a long time coming, if you’ve read my columns this year and last. But some investors — even big-time mutual fund managers — got caught flat-footed. Why? Just like real estate in the 2000s and tech stocks in the late 1990s, those bull markets were artificially extended for years, and those who got out early lost out on some of the biggest gains.  But make no mistake. The real problem is what I’ve been harping on for several months: The bond market is a gigantic bubble, having been wildly inflated by too much cheap, easy money from the world’s central banks.”

http://www.moneyandmarkets.com/dont-get-fooled-again-its-time-to-dump-bonds-now-52034

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