Long time readers know that I am a huge fan of Martin Wolf, economist and columnist for the Financial Times. His writing is the reason to get the Pink Lady (as the Financial Times is known) as far as I am concerned. This week's Outside the Box has two columns back to back from last week from Wolf...
Why Bother With Bonds? So Then, Bonds for the Long Run? P/E Ratios at 200? Really? Mark-to-Market Slip Slides Away Housing Sales Improve? Not Hardly La Jolla, Copenhagen, London, etc. Investors, we are told, demand a risk premium for investing in stocks rather than bonds. Without that extra return, why...