Bloomberg:
The difference in yields betweeni believe at least half of the 100 basis point move since march in the ten year is due to the rape of the bond holders in the Chrysler reorganization. The Obama administration trampled the rights of bond holders demonstrating once again his total disdain for anyone that tries to earn money. corporate debtholders must confront the fact that under this administration there is no protection of law or by contract. There is only what does Obama want and whose vote can they buy. No investor in his right mind should put money with in reach of the socialists who now run our government.
Treasury two- and 10-year notes widened to a record on concern
surging sales of U.S. debt will overwhelm the Federal Reserve’s
efforts to keep borrowing costs low. here to continue
3 comments:
where do you recommend we out it? assuming of course that we have any.
obviously I meant to write "where do you recommend we PUT it." I can't type worth a damn. nor, apparently, do I proofread
Well, first of all I am not an investment advisor, but, i have personally been leaning to emerging markets like India and china and commodity producing countries for stock investments. I want large companies that will be protected by their governments if things get worse but offer yield right now. i also have some closed end bond funds that hold foreign bonds and trade at a discount producing a pretty good yield. to sum up, I want yield and currency diversification. Owning some gold is good. Owning your own home is a good long run inflation hedge though one would be hard pressed if the only evidence were the last two years.
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