Economist Gary Shilling has been correctly predicting deflation and a rally in long bonds. In this recent talk with Tech Ticker he updates on what he sees still coming in these trends. He also rightly underlines the ridiculous comments some make about long bonds being riskier than stocks. The key point is that neither is a “buy and hold” type of investment. Once bond yields bottom out long bonds will need to be sold to protect price gains. This goes without saying. You can't passively and perpetually hold stocks or bonds if you intend to make gains and keep them.
Cory’s Chart Corner
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