Investors remain so addicted to the temporary high of monetary intervention that they are practically begging to be shot, mauled by dogs, and diced by a Veg-O-Matic so they can get their next fix of pain-killers.
From John Hussman, who runs alot of money. Been full on bear since 2008.
We don't know when things will unravel. But "they" can just print money, in fact their seems no alternative that is likely to happen given that human beings are involved in this process.
Rather than "twist" bonds, when the customer shows up with a matured bond, they can hand them 10,000 fresh $100 bills for their million dollar bond.