https://humbledollar.com/2020/10/game-o ... ses-test_7
He argues that given low yields, bonds won't act as a source of yield (since real returns are expected to be negative) nor as a diversifier (because you would need long durations to have significant increases in bond prices when interest rates decrease in a bear market, but this would imply large decreases in bond prices when interest rates increase).
The situation in Europe has been worse and for this reason I never invested in bonds (I think my first post on BH was a question about bonds) since cash and structured products work better for me.
I am wondering whether BH in the US have now come to agree with Mr Clements that the idea of bonds as a diversifer is no longer applicable in practice. To quote the title of the article: