Is the Fed Trying to Tighten Policy?

In 2021, as Dave said, you had an historical chance to lock in the 30-year mortgage rate of 3%. Great. Now you have a historical chance to be rewarded risk free rate 5%. That's not too bad. People have been used for 10 years to call cash trash. You get paid to be patient. And I can't stress enough how this is important. The moment the choking off of the economy turns into data that validates a recession, bonds are going to perform incredibly well.

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