At the end of 2021, bonds were 'laughably overvalued' with 10-year yields at 1% and short-term rates at zero, yet $7 trillion of money printing guaranteed inflation; any rational investor knew they faced negative returns in bonds, yet bonds were the best risk-adjusted option of bad choices.
factualpending
Speaker
Jeff GundlachEvidence Quote
“At the end of 2021, I I started with bonds and I'm like, government bonds, talking about the US here just specifically, it is it was laughably overvalued. You know, the 10-year the long long-term rates were 1%, short-term rates were still at zero. And anybody who had a brain knew that the money printing, the $7 trillion of money, was going to lead to a spike of inflation spike of significance.”
Created: 8/12/2026, 6:25:56 PM
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