Next Bubble to Pop - US Bonds? NYT

Treasuries bear risk, in particular, the risk that flows from crowd psychology. Last month, in his annual letter to shareholders Warren Buffett wrote: “When the financial history of this decade is written, it will surely speak of the Internet bubble of the late 1990s and the housing bubble of the early 2000s. But the U.S. Treasury bond bubble of late 2008 may be regarded as almost equally extraordinary.”