Economic Commentary

“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

Tuesday, November 15, 2016

OUTSTANDING! READ! "...the declining secular trend in Treasury bond yields remains intact." (Hoisington & Hunt)







Posted by Robert Park at 11:22 PM
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