Thanks to the Biden-Administration-created runaway inflation, this is one of the worst years in the history of the bond market.
The Bloomberg Aggregate Bond Index or The Agg (shown above) is used by investors to measure the performance of the U.S. bond markets, including U.S. Treasuries, highly-rated corporate bonds and mortgage-backed securities.
The thick black line is 2022 so far, while the previous 25 years are in color.
“Nothing remotely close like this has happened before.”
Jim Bianco, Bianco Research
This bond market is worse than 1980, which scarred bond investors for a generation, according to Jim Bianco, of Bianco Research.
The Wall Street Journal reports it might not be time to give up on bonds, noting that at least nine past periods have been worse adjusted for inflation.
Reposted in light of today’s Supreme Court announcement…
Dr. Bernard Nathanson, the first president of the National Association for the Repeal of Abortion Laws (NARAL), later had a dramatic change of heart on abortion and lamented lying about deaths from illegal abortions prior to the 1973 Supreme Court decision Roe vs. Wade.
“I confess that I knew that the figures were totally false and I suppose that others did too… it was a useful figure, widely accepted, so why go out of our way to correct it with honest statistics?”
Dr. Bernard Nathanson in “Aborting America” page 193 (1979)
According to the CDC, in 1972 there were 39 maternal deaths from illegal, so called back-alley abortions. However, NARAL and other abortion activists pushed the narrative that 10,000 women a year died from illegal abortions.
The justification for a radical minority to convince millions of women to murder millions of children in an abortion assembly line was all based on a lie.