Here is the article.

http://dailyreckoning.com/the-last-shall-be-first-2/

I agree we are in a bear market that will move up and down but mostly sideways for years unless inflation really takes off.

Bill Bonner is thinking long term and does have some interesting points.

I like his short US treasuries call but this will be volatile as well. QE2 is probably on tap. Who else is going to buy 2 trillion worth of new bonds this year?