On August 15, 1971 President Nixon gave a speech that was a
catalyst for stagflation.
Parallels: The oil embargo of 1973 was a shock to the system
that, combined with bad monetary policy, brought about economic
misery. Is the pandemic the same kind of shock in 2021, along with
questionable modern-day monetary policy,...
The bond market is a better barometer of the economy's
condition than the stock market.
Look around you. Bonds are everywhere. Take the
municipal bond market. There are over 44,000
municipal bond issuers in the U.S. with over one million muni
bond issues outstanding. Your local schools were probably