On Sunday night, our old friend exclaimed to my wife and me: “How have you all been??”
It’d been, well, almost a year since we’d been to her bar. We had plenty to catch up on with our drink-slinging pal as we sipped and snacked. Back on the home front, our babysitter had recently resurfaced and appeared to have bedtime under control. It was nice to have a throwback evening, the type we all took for granted just 12 months ago.
In the interim, many income investors have, likewise, taken low long-term rates for granted. Not we contrarians, of course.… Read more