Bond Outlook March 21st

What can investors do when indicators and opinions are so contradictory that they risk behaving like rabbits caught in headlights, unable to decide which way to run? Part of the answer is to ask the right questions. We have our answers, but we can only advance them as our viewpoint, as no one can foresee events accurately. We note that historically we have generally been on the right track, but that the timing has usually been much slower than we imagined, and that the manifestation of an incipient problem has shown up in somewhat differently than we first envisaged.