The unwinding of credit pyramids is engendering massive losses in the value of equities, making government bonds attractive
Although the U.S. restructuring plan is scary, rewards are available for those who are patient and remain calm
A darkening economy, lower interest rates and declining income alter expectations
The Supreme Court of Canada’s decision on BCE took bonds off any pedestal of respect higher than that accorded to equities
Making the right moves will be tough, as governments steer between stimulating the economy and high inflation
But investing in these issues depends on what direction the economy is likely to take in the coming months
Even in a low-return environment, some of these funds manage to shine
The flight from credit-related investments means the usual rules don’t apply
Bond funds can outperform other safe harbours, but care is needed
The recent turmoil has been profitable for bonds, but now is the time to position your clients for the market’s recovery