Ignore the bond bubble at your own risk

<i>Breakfast wtih Benjamin</i>: The case for reducing fixed income exposure gets more vivid, markets react to Pres. Obama's 'no strategy' remarks regarding ISIS, another perspective on income inequality, and more.
AUG 29, 2014
  • The case for reducing fixed income exposure gets more vivid by the day. Ignore the bond bubble at your own risk. Debt hits 250% of GDP
  • The financial markets have not yet fully digested President Obama's admission yesterday that he has “no strategy” for dealing with the ISIS terror group. But the White House has already gone into spin mode to try and walk back the statement. 'We don't have a strategy yet.'
  • PricewaterhouseCoopers is heading to court to defend charges it gave bad accounting advice leading up to the MF Global failure. $1 billion lawsuit
  • Another view of income inequality. The economic recovery has not been good for most workers. The majority of people are getting poorer
  • From a stock market perspective, this Labor Day looks a lot like Labor Day in 1929. And we all know what followed in 1929. The final Labor Day of the Roaring 20s was pivotal

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