Bonds are Low Return and High Risk

Many investors have yet to realize what is clearly evident on the charts. I want to emphasize that I do not know the timing of the increase in interest rates, but I do know rates will probably go up when market forces take over, and the Fed stops its extraordinarily accommodative bond-buying program.

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COVID-19 is a Black Swan

The Coronavirus (COVID-19) is a “Black Swan” event. This unexpected and hard-to-predict event was not within the range of normal expectations. Nonetheless, it will result in a severe economic contraction on a global basis in 2020. While the magnitude of the human tragedy is still unknowable and outside the realm of our expertise, the economic…

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