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
financed with bonds. Not to mention the library and water
treatment facility.
The Federal Reserve has effectively nationalized the bond
market. Its extraordinary intervention has, arguably, encouraged
investors to flock to stocks.
About the Podcast
Jim Freeman provides you with insight on finances and retirement lifestyles.