Bonds show it pays to be boring
UNABLE to stomach turbulence driven by the escalating conflict between China and the United States, and leery of a darkening outlook for the economy, investors have been exiting the stock market and buying bonds, the traditional place to park cash during times of uncertainty.
The bond market is trying to tell us something
LET'S face it: Bonds are boring. Usually, stock markets are the source of hyperventilation and headlines. But right now, all the action is in the bond market. It is sending powerful signals that there's trouble ahead for the US economy. They're powerful enough, in fact, that they're even...