I have long described our current investing environment as a "Borrower's Paradise" and a "Fixed-Income Investor's Hell." The situation has not changed and continues along unabated. The reason for this is really just one thing, the Fed. The reason for their posture is also just really one thing, and that is their interference in the markets to keep interest rates very low for the benefit of the U.S. government.
The government has borrowed heavily and has exceeded our GDP as a logical response to our coronavirus pandemic. I take no issue with what either the