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there are asset classes that do well the worse things get. i suggest you may want to look into reading harry browns book why the best laid investment plans usually go wrong.
the worse things looked the better the permanent porfolio did in 2008-2009.
its not only about owning assets that depend on things being rosey. its about owning things that survive recessions and depressions without devastating you.
there are asset classes that do well the worse things get. i suggest you may want to look into reading harry browns book why the best laid investment plans usually go wrong.
the worse things looked the better the permanent porfolio did in 2008-2009.
its not only about owning assets that depend on things being rosey. its about owning things that survive recessions and depressions without devastating you.
There may be some asset classes that do better than others (I expect that the Swiss Franc will do better than the dollar) but every asset goes down when the world goes in default as what happened during the 30s and what happened in recent years. The only reason any asset class has gone up in the last two years is because the Feds have piled up household debt on each family. Hard working families are toiling long hours so that bankers can have their Riviera holidays. It is disgusting.
I, for one, reufuse to succumb to the naysayers' dire predictions and the following, economically or otherwise.
Good for you. They say three times the charm. Maybe after you lose everything (as you probably should have by now), you will learn that destroying economies by making bad loans is not a good strategy. The Fed has done this twice already and is working on the third. And it is not as if they are stupid. They know exactly what they are doing, since there are Op-ed pieces almost daily in every newspaper. They just don't care, as long as they and their friends make money.
long term treasuries , zero coupon treasuries will soar the worse the outlook. like clock work. 30% for every drop in rates on the 30 year and 40-50% for every drop on a 30 year zero.
so you just worry for the reast of us as we profit.
long term treasuries , zero coupon treasuries will soar the worse the outlook. like clock work. 30% for every drop in rates on the 30 year and 40-50% for every drop on a 30 year zero.
so you just worry for the reast of us as we profit.
Disagree. Treasuries are only as good as long as the Fed prints money and buys our own bonds. Treasuries should have tanked by now. There is no way the U.S. household can ever pay back the debt that the Fed is building for us. So what the Fed is doing is destroying savings in order to pay the debt (debasing currency). And exactly how long do you think this can last? How long do you think the Feds can lay debt on families and destroy savings before it all runs out and ends. And when it does, you have the Greek situation where the bonds are worthless because the populace (local economy) can no longer service the debt. For all intents and purposes, when you add up all the debt in this country (state, local, national, pension), this country is broke. The Fed is just buying time. The ECB, is now doing the same thing. Soaking Germany to pay for the debts of all the bankrupt sovereigns.
Disagree. Treasuries are only as good as long as the Fed prints money and buys our own bonds. Treasuries should have tanked by now. There is no way the U.S. household can ever pay back the debt that the Fed is building for us. So what the Fed is doing is destroying savings in order to pay the debt (debasing currency). And exactly how long do you think this can last? How long do you think the Feds can lay debt on families and destroy savings before it all runs out and ends. And when it does, you have the Greek situation where the bonds are worthless because the populace (local economy) can no longer service the debt. For all intents and purposes, when you add up all the debt in this country (state, local, national, pension), this country is broke. The Fed is just buying time. The ECB, is now doing the same thing. Soaking Germany to pay for the debts of all the bankrupt sovereigns.
You are saying Mathjak's profits on treasuries don't exist?
Good for you. They say three times the charm. Maybe after you lose everything (as you probably should have by now), you will learn that destroying economies by making bad loans is not a good strategy. The Fed has done this twice already and is working on the third. And it is not as if they are stupid. They know exactly what they are doing, since there are Op-ed pieces almost daily in every newspaper. They just don't care, as long as they and their friends make money.
Haven't lost a thing in over a decade. Interest rates are ridiculous and inflation is decidedly a factor but we're weathering the storm rather nicely.
Guess I'm just not that big on doing what I should, huh? Neither am I a perpetual Joe Btfsplk.
You are saying Mathjak's profits on treasuries don't exist?
Guess they "should have tanked by now" just like I "should have lost everything." The Fed obviously doesn't listen and follow instructions any better than I do. It's either that or the poster's wrong.
Last edited by Curmudgeon; 09-23-2012 at 11:01 AM..
I, for one, reufuse to succumb to the naysayers' dire predictions and the following, economically or otherwise.
There's something to be said about living beyond the routes of the pony express, lol.
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