There Is 'No Doubt' a Sudden Inflation Spike Would Hit Bonds and Equities, Warns Legendary Investor Charles Ellis

A sudden spike beyond the Federal Reserve's 2% target could slam bond and equity markets, Charles Ellis, author of the legendary investing book "Winning the Loser's Game," said this week on CNBC's "ETF Edge." "The cost of money is so low that after you adjust for inflation, bonds don't pay...