20260901
Rivers, like men, only learn why they were born near their end. – José Saramago (1922-2010) “Nations reel and stagger on their way; they make hideous mistakes; they commit frightful wrongs; they do great and beautiful things. And shall we not best guide humanity by telling the truth about all this, so far as the truth is ascertainable?” – W.E.B. Du Bois 乌托邦(utopia)和反乌托邦(dystopia)出现在许多有名的小说里。 investing 20260901: Global Bond Selloff Sends Yields to the Highest Level Since 2008 Debt is not a problem if the underlying economy is good and healthy. the problem now is that the high inflation is driven by high oil price because of already half-year Iran-war and the close of Hormuz. The higher bond yields raise the cost of borrowing money. it’s a signal of hiking the rates to the Fed from the market? ...