In January 2015, the total return of the S&P 500 Index was -3.0%. We published this number last Friday evening, after January trading ended, and of course it’s been widely reported since then. It may therefore surprise you to learn that some investors in the S&P 500 reaped a total return of +4.0% in January….
As tracked by the S&P Japan Bond Index, a broad base benchmark that measures the performance of the government and corporate local currency bonds in Japan, the total outstanding par amount have reached over 1,070 trillion Yen this August. Not surprisingly, over 92% of them are government debts, which expanded 3.7 times since the index first valued on…