Global trade has gone negativeGuest Post
By Steve Blumenthal
“Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”
– Abraham Lincoln
Do you remember back in the early 80s when interest rates peaked at 15.25% and most everyone felt rates were moving higher, certainly not lower? The fact is, it was the single best time in history to get bullish on bonds.
Solomon Brothers’ head of research Henry Kaufman went from bond bear to bond bull and that call, unpopular as it was, later earned him “guru . . .
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