After the latest PPI numbers in the US, today is shaping up to be another frustrating day for all of us. However, most of the damage appears to have already been done and the storm that began last week appears to be passing.
In no way should we equate the current price correction with the disaster of Hurricane Dorian but they are somewhat metaphorical. Dorian moved over the Bahamas and stalled, causing destruction and a sense that the crisis might never end. And that's a little bit of how it feels for us now. The bond market began a massive correction on Thursday of last week and...