Bond investors are supposed to be the smartest of the lot. But there are times when the first become the last…when the smartest become the dumbest…and when yesterday’s roadmaps need to be turned upside down. This, we believe, is one of those times. Between what bond investors stand to gain in yield and what they stand to lose from inflation is a built-in loss of 1.8%.
September 1st, 2008 | Bill Bonner | 0 comments | Continued
