Donald Luskin identifies some investing lessons learned during the last year.
Don Luskin: Why China won't dump our bonds.
Don Luskin: Exploit the spread between high-yield bonds and Treasurys.
The Fed understands the economy and inflation. But it needs to raise rates.
Stocks are still the cheaper asset class. But our margin for error is shrinking.
The conventional wisdom is that income is important. History doesn't agree.
This economy will only get stronger, and that means the Fed will be forced to raise rates.
Many folks misread bonds in '06. That doesn't bode well for stocks.
The bond-market bubble is about to burst in an ugly way.
Don't fall into the trap of thinking that the rising-rate environment will stunt economic growth.