“I used to think that if there was reincarnation, I wanted to come back as the President or the Pope or as a .400 baseball hitter. But now I would want to come back as the bond market. You can intimidate everybody.”
– James Carville
The Through Line: For many of us, stock markets are where the fun is (because they’re growth obsessed and chock full of interesting stories). Bonds, on the other hand, can be tough to wrap our heads and hearts around. Yet fixed income markets play a vital role as an early warning system giving critical feedback on the health of economies or the wisdom of anticipated macroeconomic policy. Ignore them, and you’re missing out on an impactful information loop.
To read the full report, click here.
Read more
