With central banks tapering or ending their bond buying programs — and with some raising short-term interest rates — the era of easy money is over. Already, the 10yr US Treasury yields have edged closer to 2.50 percent, almost a point higher than a year earlier.
That’s bad news for investors chasing bubble assets like Bitcoin and overvalued technology stocks, which are very likely to deflate, as was the case with dotcom stocks back in 2001…
