like U.S. Treasuries, certificates of deposit, agency mortgage-backed securities, investment-grade corporate and municipal bonds, as well as Treasury Inflation-Protected Securities. These generally have low to moderate credit risk, depending on the investment, and tend to offer more diversification ben...
Finally, the yield give-up from FX hedging something like US TIPs is cheap right now since the rate differential between the countries has collapsed to just 0.17%. That was almost 2%/annum just in late 18. Obviously, you are linking to the “wrong inflation” as a UK person but it’s ...
Most adults save for retirement over 30 to 40 years, tops. Even if you eat risk for breakfast, you should be easing back on equities for the last ten to 15 years. Otherwise, cop a lost decade or two in the middle and the time-pressure is enough to make anyone panic. Hence the inve...
If the Debt-to-GDP ratio being high is bad, how do all mature economies, e.g., USA, UK, Germany,...Question: If the Debt-to-GDP ratio being high is bad, how do all mature economies, e.g., USA, UK,...
On Thursday, S&P Global Ratings raised Illinois’ general-obligation debt by one notch to A-, shedding its position as the only US state without an A-level rating. The outlook on the bonds is stable after the upgrade, which impacts about $26.5 billion of general-obligation debt, according ...
Slogans play a role in many political systems—think of UK Prime Minister Tony Blair's “Middle Way” and US President Trump's “America First.” However, such slogans take on much deeper political significance in China and are intended to provide a framework for policy across many fields. ...
He bought toilet paper Portuguese and Spanish bonds because he knew that the government was going to print the money. how did he fail? He got the timing wrong and got a massive margin call. so from that I learned that even the most well connected financial/ political person on the ...
“I mean a govt backstop when your assets fall and you become insolvent (think LTCM or Bear Stearns).” Were asset movements more downwardly volatile during the Bretton Woods era? “As for credit, I disagree. I think it has taken many decades to develop the infrastructure and social mindset...
Rockefeller’s story was perfectly mirrored by the story of Colonel Edwin Drake. Having struck oil in Titusville and given rise to a billion-dollar global industry, Drake had not had the foresight to patent his drilling technique or even to buy up the land around his own well. He ended up...
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