The Best a Bond Can Get

Reconciling economics and equities, capital spending, revisiting the Carter Credit Crunch & the public policy outlook

‘Bond traders are always negative because the best they can get is par’, an unknown Lehman Brothers equity derivatives trader (I forgot who said it)

Before moving to the outlook for capital and labor investment during the recovery from the deepest, but shortest, contraction in economic output since World War II, we want to address the incredulousness we …