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They all got it wrong. This was so predictable.

Summary:
All the "very smart" people of Wall Street shorted Treasuries because they lacked understanding of what was going on.

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All the "very smart" people of Wall Street shorted Treasuries because they lacked understanding of what was going on.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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