Thank Goodness for Bond Vigilantes

“I used to think that if there was reincarnation, I wanted to come back as the president or the Pope or a .400 baseball hitter. But now I would like to come back as the bond market. You can intimidate everybody.” — James Carville 

Chart of the Day

Good morning!

The age-old adage that stocks follow bonds has always guided the smart investors. The turmoil this month seems to indicate that bond vigilantes might be guiding even one of the most powerful men on Earth to back...

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