If you have followed my articles or radio shows for any length of time, you’ll know that I have been warning about bonds for a while now. No, I don’t think there is some imminent crash coming in the bond market but rather, very strong headwinds facing them. Bond cycles tend to be much longer than the stock markets. The last time experienced a poor bond market it lasted from roughly the end of the Korean War until the early 80s! In the early 80s, under Reagan, the central bank started a shift to a policy of lower interest rates in order to fuel growth. This was the start of a good time period for bonds ever since.
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