The bubble in technology stocks at the end of the last century occurred in Alan Greenspan's world of easy money. Unwilling to suffer the consequences, credit was increased at a faster rate in the housing bubble last decade. The debt bubble is the grandfather of bubbles and is still with us. The financial crisis of 2008 only transferred much of the debt from the private sector to governments. To clarify terms, cash and T-bills are of one year or less duration securities. Notes run up to 10 years of maturity, and bonds have over 10 years to maturity. Avoiding bonds is the heart of this discussion. Bonds are not ... (full story)