On the Question: Do Gentlemen Still Prefer Bonds?

Half bankrupt offers good explanation for the rush of capital seeking safety.

Of the fragrance of your good ointments, Your name is ointment poured forth;
—Song of Solomon

* * * * *

A lively discussion on the flood of money rushing into the bond market...




Keep your eye on David Goldman going forward. Although sometimes a sophist succumbing to a disjointed view on the relationship of human activity and matters of finance, he nevertheless generally offers a clearer, more honest sense of affairs within financial markets than is available most anywhere else. Good stuff for the strategic investor.

(Whether any of this will prove of value to those believing themselves prudent, however, is a matter for some other time.)

—Tom Chechatka