From Dwight Johnston of Wescorp. Bonds are getting whacked this morning. (Well, something needed to get whacked after no one got whacked in last night’s Sopranos finale.) Friday’s bond rally from the early morning trade to 5.25% on the 10-year note is proving to me more of a short-covering rally than anything too meaningful. Virtually [Read More…]

This isn’t an angle I had anticipated. Check out this article. Years of global growth raise inflation worries New Zealand raised their rates yesterday. Many fear more to follow. Dwight Johnston of Wescorp has a new long-term commentary titled?And Then There Were None. The jest is, first of all, no one believes there will be [Read More…]