Peter Schiff and Marc Faber explaining risk reality to CNBC varsity cheerleaders.
"The bond market is the mother of all bubbles right now and I think when it bursts the losses will dwarf the combined losses of the stock market bubble and the real estate bubble. The problem is that there is no way for the government to pay things back, the only way they could do that would be tax increases which are horrendous and would never be accomplished..."
"This decade will be the worst decade for bonds in US history..."
At 7:00 am CDT Tuesday, August 24th, the bond market continues its rally as the 10 year treasury is printing 2.54% (down from 2.61% Monday) and lowest level since March 2009.
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