For nine years, US stocks, foreign stocks, government bonds, corporate investment-grade bonds, junk bonds, leveraged loans, emerging market bonds, art, classic cars, residential real estate, commercial real estate, startup valuations…. they all surged. Then came 2018. Which changed everything. (15 minutes)
The price of rising interest rates. Read… US Banks Disclose Biggest Unrealized Losses on Security Investments since Q1 2009: FDIC
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