2014's oddly logical bond market rally

<i>Breakfast with Benjamin:</i> The bond market's oddly logical rally. Plus: Retail and professional investors get cautious, gold tops $1,300 an ounce, the income opportunities in deep-water drilling, and clarifying Thomas Piketty's attack on capitalism

MAY 15, 2014

By Jeff Benjamin

This year's surprising bond market rally is really about economic false starts and guarding against rates that never rose. Mohamed El-Erian breaks it down. When interest rates don't rise
Both retail and professional investors are getting cautious and loading up on cash. This is either really good or really bad. Walls of worry are everywhere
Gold is up again, cresting the $1,300 mark as equities look weaker. Testing the top end of the range
Deep-water drilling as an income play. Two companies that are still getting it done. Transocean (RIG) and SeaDrill (SDRL)
The missing pieces of Thomas Piketty's face-off with capitalism. He overlooked the impact of technology and globalization as generators of wealth superstars. Increased inequality is not an iron law of capitalism