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There’s supposedly a saying—often attributed erroneously to the Chinese—with a double meaning: May you live in interesting times. Some see it a benediction and a curse all rolled into one. Well, I think we live in unusual, if not interesting times. Around the world some $16 trillion or so of debt trades at negative rates....

Stocks Fall on Yield Inversion; Data Still Favors Stocks
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Illustrations by Karl Wimer.