突发：美国国债即将进入过去240年里，第三次债券大熊市的第六年。前两次熊市分别持续了21年和35年。这令人恐惧，因为我们拥有的36万亿美元债务在低利率和经济增长的情况下不是问题。然而，如果美国经济停滞不前，甚至陷入收益率上升的衰退，我们可能会像2020年那样，再次看到无限量化宽松的运用。美联储，难了？

BREAKING: U.S. Treasuries are entering the 6th year of the 3rd Great Bond Bear Market of the last 240 years! The last two lasted 21 years and 35 years, respectively. This is terrifying because the $36 trillion of debt we have is not a problem with low rates and a growing economy. However, if we stagnate or even fall into a recession with rising yields, we’ll probably see another usage of QE INFINITY like in 2020.