Is the Labor Market a Runaway?

Bonds aren't as safe as they once were, if we're talking about all these yields that are solidly below the rate of inflation. The strategies that we've been using with our clients require a lot of handholding and are reasonably complex because they require diversifying into maybe some non traditional areas. Lisa says that ten % to 15 % s m p 500 declines she's predicting isn't unusual. It's an ordinary part of a healthy market. She says a higher long term inflation rate than many investors are used to, say, two and a half % to three %, is healthy too.