If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

When the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time

We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.

Whenever I read the newspaper, I say to myself, 'At least my wife loves me.'

Accountants, machinists, medical technicians, even software writers that write the software for "machines" are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.

I would admit Im an introvert. I dont know why introverts have to apologize.

Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.