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.