Let’s face it. This is not your father’s fixed income market.
Yields are down, and those in control of such things want to keep them that way for as long as possible.
The economies of the world are still trying to gain traction, and while the U.S. is doing better than much of the world, it isn’t exactly shooting the lights out.
There are also signs that global weakness and the ongoing trade disputes could slow things down even further.
That’s not an environment that will inspire interest rate hikes.
So we need to continue to find high-yielding opportunities outside of the mainstream, and I have just the one…
It was an exciting weekend, to say the least.
Questions of bank reserve levels, the possibility of negative interest rates, and the actual state of the U.S. economy were the talk of the town.
Well, that along with liberal doses of college football and playoff baseball, anyway.
Put me in the camp that says that negative interest rates are one of the dumbest ideas in the history of economics, in my opinion.
I have to say it’s a foot race between negative interest rates and Modern Monetary Theory for worst of all time, but that’s a debate for another day.
There is no way of knowing how all this plays out over the next few years…
But I can help you get on the road to financial freedom and stay there no matter how ridiculous things get…