from Sovereign Man:
History and convention tell us that bonds are the ‘safest’ investments in the world. Yet it is the crowning irony of the current financial situation that policy makers have made these traditionally safe assets the most unsafe investments in the world.
Western government bonds no longer offer any attraction, either in terms of income or capital preservation. They are simply instruments of confiscation. They just haven’t yet been fully recognized as such. That clearly leaves stocks as the preferred risk asset, by default (a relevant pun). But what sort of stocks?
History offers some useful clues.
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