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John M. Kelley

John M. Kelley

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John M. Kelley, a professor of psychology at Endicott College and an instructor at Harvard Medical School, is Deputy Director of the Program in Placebo Studies at Beth Israel Deaconess Medical Center in Boston.

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  1. roubini160_Spencer PlattGetty Images_stock market Spencer PlattGetty Images

    Inflation Will Hurt Both Stocks and Bonds

    Nouriel Roubini

    The longstanding negative correlation between stock and bond prices is an artifact of the low-inflation environment of the past 30 years. If inflation and inflation expectations continue to rise, investors will have to rethink their portfolio strategies to hedge against the risk of massive future losses.

    shows why the hedging strategies of the past three decades may no longer make much sense.
    1

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