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Best of The Long View: Investing

The Long View

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What History Can Teach Us About Bond Yields

Jim Grant is one of the world's leading authorities on when the next bond bear market cycle will begin. Bonds have been reliable stabilizers and diversified portfolios at least over the past 30 40 years they've diversified stocks. Can they continue to fulfill that role even amid rising interest rates and if not what are the alternatives? He says it might just be that we are embarked on an up cycle in interest rates in bond yields with all that implies for evaluations and house prices.

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