Dexter B. Wakefield

Fifty-five years ago, I was sitting in a high school classroom when a news broadcast came over the intercom. Soon enough, the enormity of the event became apparent. President John F. Kennedy had been assassinated!

Double, double, toil and trouble;
Stocks and bonds form massive bubble!

Well, that is not exactly how Shakespeare wrote it in Macbeth, but some economic soothsayers are putting out a very similar message to their clients—and are doing so in no uncertain terms.

A Tomorrow’s World article last year warned that trillion-dollar budget deficits run up by the United States government are accumulating into an unsustainable “debt bomb” that will eventually explode to the detriment of the nation. A recent Wall Street Journal article has now warned of the same “debt bomb”—as the crisis Tomorrow’s World described last year is growing even worse!

Sometimes, seemingly dull details can be very important. Like bond markets—who notices them? In case you haven’t been watching, big movements are occurring in the bond markets that could have big implications for the U.S. economy, the U.S. government and even the world economy.