Bonds are boring. They are the beige minivan of the investment world. Yet, bond yields (which move inversely to prices) are hugely important. They determine lots of things: from how much companies and governments pay to borrow money -- to the rate you get on your mortgage. To help you navigate the complex world of interest rates, here are some free resources.
High-debt levels combined with rising rates means increasing financial pain for borrowers. The eventual result is an all-out credit collapse.See a chart that suggests a debt implosion may be closer than many observers realize.