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It is a convoluted world. Negative yielding bonds have climbed since September and now compose about 19% of the world's bond markets. Whoever, in their right minds, thought that a lender would pay the borrower? We now have over $10.07 trillion, up from $5.7 trillion in early 2018, of negatively yielding bonds, globally, and you have to ask yourselves if people have lost their minds. We can all argue about the validity of "New this time," but never before, ever before, has the world's financial markets exhibited this kind of insane behavior. I am telling