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Nothing is Permanent

Every time we think something is permanent, we are eventually proven wrong.  It’s especially true with the economy and financial markets. After the financial crisis of 2008 – 2009, inflation remained low for over a decade.  Imports from China and other countries with...

Is It Time to Get Out of Bonds?

As we referenced in our quarterly letter and blogged about last month, it has been a difficult time in markets with lots of volatility and the usual inverse relationship between stocks and bonds missing with both in negative territory for the year. The causes of this...