As if it wasn’t bad enough for the millions of Americans scraping by on paltry interest payments, now they face another threat: the loss of principal on their bonds and other fixed-income assets.
The month of May, and this first week of June, were terrible for many fixed-income investors who have spent the last few years reaching for higher yields.
If there was an index for fixed income with the status of the Dow Jones industrial average or Standard & Poor’s 500 index for stocks, the carnage in fixed-income markets would have been a big story and we’d all be talking about a bear market in bonds.
“It may take 50 years, but rates are going to go higher...
He said the simplest and safest approach is simply to park funds in a low-volatility money market fund and accept near-zero returns.
From the president and CEO of Goldman Sachs, a company which, BTW, borrowed $782 billion dollars from the federal reserve to stay afloat during the 2008 financial crisis, according to Wikipedia.
“It may take 50 years, but rates are going to go higher...
He said the simplest and safest approach is simply to park funds in a low-volatility money market fund and accept near-zero returns.
From the president and CEO of Goldman Sachs, a company which, BTW, borrowed $782 billion dollars from the federal reserve to stay afloat during the 2008 financial crisis, according to Wikipedia.
I'm pretty sure that $782 Billion was the entire TARP not what Goldman borrowed.
Trumpism is not a philosophy or a movement. It's a cult.
Ad Orientem wrote:
I'm pretty sure that $782 Billion was the entire TARP not what Goldman borrowed.
Just going by what it says in wikipedia for what it's worth......
Goldman Sachs's borrowings totaled $782 billion in hundreds of transactions over these months.
Hmmm. I will have to look into that. I may be wrong, or the article might be in error. I'm an occasional contributing editor over there. Sigh... too many hats.
Trumpism is not a philosophy or a movement. It's a cult.
