Author Topic: The Bond Bubble  (Read 10561 times)

Offline morekaos

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Re: The Bond Bubble
« on: May 31, 2018, 10:56:02 AM »
Wage inflation is spiraling out of control, no one wants to notice it and bond managers are too inexperienced and young to recognize the signs.  Stay out of bonds.

Walmart to offer employees a college education for $1 a day

Walmart, the country’s largest private employer, announced Wednesday that it will pay for its workers to go back to school — as long as they get degrees in business or supply-chain management.

Earlier this year, Walmart raised its starting hourly wage from $9 to $11 and began offering paid parental leave and adoption benefits to full-time employees. Other companies have also taken similar measures in recent months, with Target pledging to raise its minimum wage to $15 an hour by 2020 and Starbucks offering paid sick leave and stock grants to its baristas.

Rising rates could be problematic because the typical money manager working today has never dealt with them before
The U.S. 10-year Treasury note yield rose to its highest level since 2011.
The median tenure of an active equity manager is eight years, according to Fundstrat, citing figures gathered from Morningstar.
"There are a lot of people that haven't been through many things in this youthful industry," notes Timothy Parton, a portfolio manager at J.P. Morgan.

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