It’s All Relative: Stocks And Bonds In A Crazy World
It's all relative.
That universally applicable old adage (you can always find a use for it no matter what it is you're talking about) has been a mainstay of the investment case for risk assets in the post-financial crisis era. Stocks too expensive for you? Well, take a look at bonds -- they're expensive. Junk spreads look too rich? Well, high-grade basically gets you nothing in the US and, depending, less than nothing in Europe.
It's all part and parcel of the hunt for yield engendered by cent
Hey, Walt, I don’t know if anyone has said this, but I just want to give you a big Thanksgiving Day shoutout. Your incredible work ethic, the high quality of everything you post, your sardonic take on the late American empire — it’s really a beautiful thing to be a part of and easily worth every penny of the $7 I toss your way every month. Thank you. Live long and prosper, brother.
thanks for the kind words, my friend
Ditto. I know a Fata Morgana when I see one and Mr. H ain’t no Fata Morgana.
nice
But then, it won’t be any fun if he didn’t cause any trouble!
Yes, this thanksgiving, a big thanks for the awesome, well informed articles. and the objective and independent views. Keep up the good work!