The Bonds That Gag
Why in the world would anybody own bonds at today’s wretchedly low yields? And yet we should. In August, the interest rate on the 30-year Treasury bond dipped below 2%. That was the lowest yield recorded in the 42 years since the federal government first started...
The Vehicle is Not the Destination
Imagine that you had to drive from NYC to Los Angeles. You’re in downtown Manhattan hopelessly stuck in traffic. Bicycle messengers are whizzing past. You jump out of your car, sell your car on the spot (at a ridiculously low price), buy a bicycle, and continue your trip to the West Coast.
