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
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6 thoughts on “It’s All Relative: Stocks And Bonds In A Crazy World

  1. 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.

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