Financial markets can make you look really foolish, even if you thought your analysis was right, and still do. Today’s humbling example: The best investment by far for the first half of this year has been the one that people like me have been warning against: long-term US Treasury bonds.
Gains from long-term Treasurys may not last
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Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.