Who would have imagined just a few short years ago that a torrent of capital from all over the world would ultimately seek safety in the bonds of a country whose debts, public and private, and unfunded liabilities tally an estimated $160 trillion dollars? That is very clearly what is happening, and it seems entirely predictable that it will all end badly once the entire financial world has piled onto the same side of the trade. Be that as it may, you can see in the continuous monthly chart a Hidden Pivot rationale for further upside to at least 152^02. This target comes from a continuous chart and should not be used for precision shorting, but it is nonetheless valid as an analytical benchmark. If so, 4 percent mortgages are coming as promised, even though it is doubtful that many borrowers will qualify.
