Biggest Hedge Reversal In History Looms For April

Well, biggest in terms of number of participants anyway, and that’s only a guess. But a whole lot of people bought “Forever stamps” from the U.S. Postal Service on the assumption that the price of a first class stamp would continue to move in the direction it has from time immemorial: up. They were wrong. Washington Post writer Alan Sloan explains what’s about to happen in his column about this “fail-safe investment that isn’t.”