Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

If companies don't know that they can run out of money, they won't be thinking of ways not to run out of money.

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.

Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.

When you're underperforming the index, you go home at night and cry in your beer. It's not fun, but who said this business should be fun. We're too well paid to hang our heads and say boo hoo.

Bonds despite their ridiculous yields will not easily be threatened with a new bear market.

Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.