The last remaining drops of yield are being wrung out of the global government bond market while bears run amok. Although the adage "He who panics first, wins!" must be kept in mind, it is still not obvious whether or not this a re-run of previous summer silly seasons in financial markets.
Since I am not able to give financial advice, I will keep these remarks brief. I just want to lay out how investors should weigh various risk scenarios, without suggesting what outcome to expect.…Bond Economics
The Calculus Of Crisis
Brian Romanchuk
