Inflation Threatens Long Bond Yield
Should savers and retired investors take the Fed’s bait and invest in long bonds? Not when you have a Fed chairman with a money-printing habit and prominent economists such as Ken Rogoff, the former chief economist of the International Monetary Fund, calling for a “sustained burst of moderate inflation, say, 4–6% for several years.”
A Historic Week
Even with the relatively calm day in the markets on Friday, this past week has been one of the most volatile on record. Only...
What we’re Reading 8-12-11
Mexico Sells $1 Billion of 100-Year Bonds to Tap Into Drop in U.S. Yields Bloomberg
Mistakes in Scientific Studies Surge The Wall Street Journal
Business and...
Worst 5 Bear Markets
Developed world equity markets have been hammered in recent weeks. In U.S. dollar terms, many have entered bear market territory—defined as a peak-to-trough decline...
It’s Jobs Day
The Labor Department released the July employment report this morning. The headline numbers that economists follow are the monthly increase in nonfarm payrolls and...