QUESTION: Mr. Armstrong; I attended your WEC in London back in 1997 when the Euro Commission took the entire back row. I remember your forecast that we would begin a period of a dramatic shift in the bond-equity correlation I believe you said would last for at least 23 ………………………
The Forecast of 1997 Calling for the Inverse Relationship between Bonds & Shares Remains on Target
Free government is founded in jealousy, not confidence…. In questions of power, then, let no more be heard of confidence in men, but bind him down from mischief by the chains of the Constitution.
— Thomas Jefferson (1799)