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The Only Safe Bond These Days is James Bond

Many people are predicting a stark downturn in the bond market. A lack of liquidity is the major concern. You are all smart folks who know what that means, but here’s a quick sum up: not enough liquidity equals instability. Simple as that. Government policies, most notably the FEDs artificially low interest rates, have contributed to the problem.


It’s a bit scary to think that we live in a world where we are more likely to get guaranteed returns from the James Bond movie franchise, which has done insane numbers at the box office, than we are the bond market that serves as the backbone for the entire world economy. Our current situation is akin to Sony (NYSE: SNE) saying “thanks but no thanks” to Tom Hardy and Idris Elba, and instead hiring Woody Allen to be the next Bond. While he’d bring an interesting intellectual angle, they’d probably have to keep diapers for him on the set. It wouldn’t be good for the people. That would represent a Bond franchise that is frail and ready for collapse, which is kind of where we’re at in real life.