What to do as the wealth bubble deflates

We’ve been buying 3-month and 6-month T-bills all year. What should we make of this? Is there a chance we could lose our capital? Should we be worried? More below

Wednesday, April 19, 2023

Chiswick, West London

The treasury bond market is getting jittery…

Here’s one example: the cost of buying insurance against a U.S. government default recently hit its highest l…