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Brett Arends’s ROI: Dump your bonds, this new research says

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Nearly three years into the worst crash in the modern history of the U.S. bond market, ordinary investors hardly need to be told that bonds are far less “safe” and “secure” than many financial experts have claimed.

But bold new academic research, drawing on financial history going back to the 1890s, goes even further than that.

Bonds in general…

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