Where is My Parachute This Downturn?
Transcript: Easan Arulanantham: In previous downturns, bonds and TIPS (treasury inflation protected securities) have been used as parachutes. But this year bonds have performed terribly just here today, you know, why is that? And should I have a different parachute for this downturn? Tom Vaughan: Yeah, if we look back, you know that these are