“Someday financial markets will decline...rising stock/bond markets will no longer be government policy. QE will end and money won’t be free. Corporate failure will be permitted. The economy will turn. Someday, somewhere, somehow, investors will lose money and once again come to favor capital preservation over speculation. Someday, interest rates will be higher, bond prices lower, and the prospective return from owning fixed-income instruments will again be commensurate with risk.” Seth Klarman
Wednesday, October 21, 2015
Interesting: Citigroup Economic Surprise Index Did Not Make It Into Positive Territory in 2015 (See Chart) Debt Pushing on a String Now?
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