“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
Thursday, February 4, 2016
A Dead Canary in Your Home? Think Securities Are Unstable? Wait 'Til You See Your Home Price Fall. Especially at Top End. Get Out of Anything Not Needed. Everyone Runs For the Exits at Same Time--When It's TOO LATE! You Will Remember These Words....
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