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What The Coronavirus Tells Us About Stocks and Bonds

What The Coronavirus Tells Us About Stocks and Bonds

Occasionally, the arrival of something unusual provides an opportunity to dispel lazy thinking about how things really work. The unusual is the coronavirus. The lazy thinking has to do with how stocks and bonds interact. This undoubtedly seems like an odd connection, but it can help clarify some important points about markets that, pardon the… Continue Reading

Restoring Central Banks’ Credibility

Restoring Central Banks’ Credibility

The old central-bank playbook of slashing interest rates to spur consumption, investment, and employment has become less effective since the 2008 financial crisis. Yet without effective tools and the public’s confidence, central banks will be unable to rise to the occasion when the next recession arrives. Continue Reading