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2019 Third Quarter Commentary

For printable version which includes all graphs and tables, click here.​​​​ We Live in a Bizarro World Introduced in the early 1960s, The Bizarro World is a fictional planet appearing in American comic books published by DC Comics. It was made even more famous 30 years later in a renowned Seinfeld episode (watch here ). The primary reason for the Bizarro World in finance today is negative interest rates. For 4,000 years of world history, to our knowledge, there has never been a negative sign in front of an interest rate until now. Below is a chart created in late August color coding negative (red) and positive (green) interest rates for developed world sovereign government bonds across vario

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