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Reaching for yield in a low rate environment has been its traditional, predictably disastrous strategy for investors over the past year. The risk-sellers have been up to their usual antics trying to move people out the risk curve trying to … Continue reading →

The Economist offers this insightful chart plotting the October 3, 2011 closing prices of major US financials compared with the price lows each hit in the 2008 financial crisis. The bottom line is that the financial sector is approaching the … Continue reading →