But what if that is incorrect?
KesslerCompanies.com quanitifies the upside returns from owning bonds if things don’t work out as ebuliently as expected…
It is only logical to assume that after 8.2 years of unimpeded GDP expansion in the US, we are near to the other side of the business cycle, a recession. The average expansion since 1900 is 3.8 years, and this one is already the 3rd longest, only bested by an expansion in the 60’s at 8.8 years and the expansion in the ‘Roaring 90’s’ at 10 years.
This post was published at Zero Hedge on Sep 1, 2017.