The Time is Getting Near

According to the NYT, this is their most emailed story of the day ...

Interest Rates Have Nowhere to Go But Up

There are a few money shots in this article, but this quote will do nicely ...

But the consensus is clear, according to Terrence M. Belton, global head of fixed-income strategy for J. P. Morgan Securities. “Everyone knows that rates will eventually go higher,” he said.


I don't know Terry Belton, and I don't want to know him.  I expect he's a perfectly fine fellow.  However, maybe the NYT wants to call Mr. Belton and offer him a chance to revise and extend those 'magazine cover indicator-like' remarks.

I'm very close to committing a large portion of my liquid net worth on a bet that Mr. Belton will be shown as a complete fool over the next 12 months.  Watch this space.

The most exciting returns are to be had from as asset class where those who know it best, love it least.