|Captured from Zero Hedge|
What does it mean when bonds get hammered?
It means that interest rates went up and are expected to continue going up.
Interest rates are unusual. They go up when inflation is expected and since interest is a major cost of doing business for some businesses rising interest rates can cause inflation to accelerate.
It is a vicious, not-virtuous cycle.
Sailors furl the sails and batten the hatches when heading into a storm. The financial equivalent furling and battening is to pay off debt and stock up on durable items you KNOW you will use in the next few years.
If you expect that hyper-inflation might be in the cards then you might consider what kinds of businesses (enterprises) you can get into that do not require purchased inputs or, most especially, inputs that are not produced within your country of residence. Making a small investment (no more than 10% of your assets) in foreign countries is also a hedge although I cannot suggest any country that stands out above the others.