Bloomberg/Paul Dobson and Stephen Spratt/2-16-2021
“Former New York Fed President William Dudley last week outlined reasons why the U.S. central bank might have to pull back on stimulus sooner and with greater force than anticipated to keep inflation in check, potentially triggering a new wave of volatility akin to the taper tantrum.”
USAGOLD note: It certainly looks a lot like another taper tantrum. Bond yields are up almost 20% over the past two weeks (from 1.07% to 1.28% as of this afternoon) as investors bail. Earlier today, gold and silver started were down considerably only to recover very quickly as the implications sunk in. If bonds are no longer a safe haven, there are alternatives. The problem, Bloomberg points out, is global with bond markets everywhere save China in retreat.
