Last week, Jim Willie offered his opinions in a one hour Q&A session with subscribers. In return, today he offers a wide-ranging discussion on the current state of affairs, particularly QE∞ and the U.S. bond market bubble.
This is a detailed, extensive discussion so I've decided to protect your sanity and your time by releasing it in two parts. This first segment is just under thirty minutes and in it Jim discusses QE∞, the folly of a "Fed taper", the pricking of the bond market bubble and the new prevalence of flash trading or HFT in the bond market.
I plan to release the second half of this interview later tomorrow or Friday, once you've had a chance to fully digest part one.
FYI...the two charts below are discussed and referenced by Jim during the course of this podcast.