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March 6th

I pray this letter finds you and your
loved ones healthy. My prayers are with the first responders and the healthcare
professionals on the front-line saving lives and protecting ours.

This is the most important letter I have
ever written. My hope is you will pass it along to your loved ones and friends
because I believe the message is very important.

I have spent my entire career, over
thirty years focused on the bond markets. Long-time readers know I have been
writing that the latest move in financial assets (stocks, bonds, gold) is the
end of something, namely the end of their long-term bull markets. As tens of
billions … Read More