The fear of inflation in the U.S. is palpable.
When the definitive story is written about U.S. financial markets during the coronavirus pandemic of 2020, expect America’s housing market to play a starring role.
The acquisition of the Boston-based firm by Morgan Stanley checks all the boxes.
The snarky comments about financial engineering practically write themselves: An exchange-traded fund investing in collateralized loan obligations? What could go wrong?
Here’s the evidence.
Too soon for a new credit card giving users 5% cash back on travel? JPMorgan Chase doesn’t think so.
Anyone still expecting the fixed interest payments from Treasuries, or even high-quality corporate bonds, to outpace inflation in the coming years is just setting themselves up for disappointment.