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Is There a Bear Market for Bonds?
The bond market just suffered its at worst quarter in decades recently for bond investors. Over time, the bond market will follow the predominant bias on inflation and i think the bias on inflation, secularly, is higher. So my forecast is predicated on what i think it's going to happen in the economy,. But from a standpoint of giving portfolio cansel, i can't say warming fuzzy things about backing up the truck and buying bonds here.