In writing these blogs one hopes to be insightful, consistent, and timely, ie to try to emulate the output of Howard Marks at Oaktree.

His memo of January this year on equities inspired us to look further into the relative attractiveness of bonds vs equities.

Howard has updated his thoughts in August (link) – this looks like something that is seriously on his mind. It is on ours as well, so we thought we would update our thinking on our Weighted Outlook On Longterm Yields.





...read more at bondvigilantes.com

~econ