Observations and Perspectives: Playing Whack-a-mole in Wacko Season

Commentary

A widely followed bond guru recently declared that investment markets have entered “wacko season.” Some of his reasons include bitcoin mania and also European junk bonds that yield the same as U.S. Treasuries (which would you invest in)? We do not disagree and would add to his already long wacko and confusion list:

Terri Spath 9/14/2017

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