Martin Armstrong sees a crash in stocks as causing bonds to go higher as investors rotate into bonds from a safe-haven perspective .. this allows the government to access more money to finance its profligate spending & debt .. “A crash in stocks sends even more money into the arms of government. This inflates their position assuming they really do not have to ever worry about budgets because the crazy public will always buy .. French auctions did not go well – We are starting to see the subtle shifts in selectivity among government bonds. This the crack in the facade .. The bubble is in government bonds. We need a sharp correction in stocks to set the stage for the future. Doing so, will send more money into bonds. The more money that concentrates in government debt the higher the likelihood of the bloodbath 3Q 2015 into 2020. This will wipe out institutions from banks to pension funds like never before.”