Bloomberg ~ Investors yanked $30.3 billion from U.S.-registered bond mutual and exchange-traded funds this month as dollar-denominated, investment-grade debt posted its biggest loss in at least three decades.
The withdrawals for the month through Aug. 19 are already the third-highest on record, following $69.1 billion of withdrawals in June and $42 billion in October 2008.
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Welcome! I started this blog primarily for friends and people around me. This blog is just an avenue for me to put my thoughts in writing, and I make no effort to promote it. My investment approach is based on the understanding of History, Politics & Austrian Economics, and how these areas interact with each other. Disclaimer: I make no guarantees of my predictions. Please do your homework thoroughly before making any investment decision.
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