by mrmrmrj
I don’t know why people have such trouble understanding this.
When interest rates in the bond market are at/near peak levels – or perceived peak levels, for the next few years – that’s when big money rushes into bonds like a stampede.
The US Treasury is still the gold standard. Ratings agencies are not very useful.
If the US were to go tits up, do you think all these corporations that do trillions of dollars of business in the US would somehow just “shake it off” and be fine? Of course not. They’re on the same ship you and I are on.
Peak interest rates will be a great time to get deals in stock market, whenever that happens.
Views:
207