Worldwide Bond Markets in Trouble

Could Britain’s Possible Exit from the EU be a Mistake?

Bubba welcomes Bob Swarup from Camdor Global and the author of Money Mania; Booms Panics and Busts from Ancient Rome to the Great Meltdown. Bob and Bubba discuss the recent volatility. Bubba asks Bob why we are calling this volatility when the VIX is well below its 20 year moving average. Bob explains that it’s the straight directional movement and the FED put.

The two discuss fixed income and the problems that retirees and those who prefer fixed income are experiencing. Bob is very concerned with the conditions of markets both here and abroad. The worldwide bond markets are in total disarray due to the ignorance of central bankers.

Bubba asks Bob to explain what is going on with the Brexit problems and Britain’s impending exit from the Euro Zone. Bob feels the British are being led down a path of destruction and that trying to exit is probably a mistake and that this is a fight to take control. He believes this is just another reason that points to economic problems.

Bubba and Bob get into a discussion on the Central Banks around the world. Bob is not a big fan of central banks and explains that in Europe central banks have been around since the 1600s. In fact the European Central Banks were the model for our FED. They are creating a socialized environment of banking which would be a disaster.