It’s a tricky moment for bond-fund investors. The economy is improving. Interest rates and inflation are going to rise, which means that the price of shares in bond mutual funds will fall.
If you’re making new fixed-income investments, these facts suggest that cash is a better place for money right now. Choose a money [...]
Stocks leaped off the bottom, after the market panic passed, and the economy did too. The first two quarters of recovery were unexpectedly strong. Now, however, various leading indicators point to slower growth later in the year and early next year. Not a return to recession but not a boom, either.
That suggests disappointment for stock-fund [...]
Maybe I mourned too soon.
I donned black crepe when Senator Chris Dodd (D) proposed killing Obama’s Consumer Financial Protection Agency—replacing it with a “bureau” that looked like a useless glob. Supposedly, Dodd was trying to compromise with the Party of No. But for them, even a glob proved an ooze too far. He got zero [...]
