Could not agree more. Everything that little greasy weasel's "daily wire" owns feels that way, and about 75% of everything else (Epic Times, etc.), also. It all feels like Operation Trust.
Speakin of "US dollars dying", etc., I did it (re: Treasury bills), secondary market, with about 35% of our cash, so far. The rest is in FDIC 4%, except some for trading. Thanks for all that info on that a few weeks back. We're getting about 5.2%, and I'll redo it in Nov when these bills mature (only gonna do short term as long as it pays reasonably well / inversion remains).
Wow, 20 years is a long time. If inflation ramps up (e.g., temporary wage price spiral, QE, etc.), and the rate is increased to 8-10%, even temporarily, 20 year bonds will be selling at a loss, which means you could be stuck in them until maturity or until the market shifts. Keep in mind that, with sneaky tricks like QE, etc. the rates could go up in a similar time as the money supply is increasing (tho bonds will not be paying well during the QE).
I've long (mostly) agreed with your thesis on this, but 20 years is such a big gamble. Then again... 4.6% for twenty years, in a Japan-esque deflationary spiral, would be like a golden goose.
Could not agree more. Everything that little greasy weasel's "daily wire" owns feels that way, and about 75% of everything else (Epic Times, etc.), also. It all feels like Operation Trust.
Speakin of "US dollars dying", etc., I did it (re: Treasury bills), secondary market, with about 35% of our cash, so far. The rest is in FDIC 4%, except some for trading. Thanks for all that info on that a few weeks back. We're getting about 5.2%, and I'll redo it in Nov when these bills mature (only gonna do short term as long as it pays reasonably well / inversion remains).
Wow, 20 years is a long time. If inflation ramps up (e.g., temporary wage price spiral, QE, etc.), and the rate is increased to 8-10%, even temporarily, 20 year bonds will be selling at a loss, which means you could be stuck in them until maturity or until the market shifts. Keep in mind that, with sneaky tricks like QE, etc. the rates could go up in a similar time as the money supply is increasing (tho bonds will not be paying well during the QE).
I've long (mostly) agreed with your thesis on this, but 20 years is such a big gamble. Then again... 4.6% for twenty years, in a Japan-esque deflationary spiral, would be like a golden goose.