Tuesday, August 29, 2017

Janis Joplin Market Advise

She may not look like your typical economist or bond trader, but her advice was as true in 1967 as it is in the last days of August of 2017 when Janis Joplin sang:

In this world, if you read the papers, darling
You know everybody's fighting ah with each other
You got no one you can count on babe...
...I'd say get it while you can, yeah.



Every cloud has a silver lining and the little cloud hovering over North Korea is no exception.  Over concerns of military escalation, there is a flight to safety with bonds.  The increased yield in bonds has given us the best pricing that we've seen in 2017.  This may be short-lived because every other economic indicator points to higher rates.  Get it while you can...

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