Kass und Mish - Time To Short Treasuries?

Vatapitta , Sonntag, 20.01.2008, 12:38 (vor 6578 Tagen)

Kass Says Sell Bonds Short.

Kass: The bond market is in a bubble that is reminiscent of (and quite possibly as extreme as) other
bubbles during previous eras. From my perch, the only issue is the timing of this trade.

Mish: Timing is indeed everything and perhaps there is a temporary selloff. But the primary trend is for
lower yields. Perhaps much lower yields. There is no bubble in bonds. Not yet.

Kass: Surprisingly, today's 3.68% yield on the 10-year U.S. note is lower than the yield during the
recession of 2001.

Mish: What's the surprise? The economy is in far worse shape, orders of magnitude worse shape in fact.
In 2001 consumers stopped spending for a month. Debt ridden consumers will be out of action for
months, perhaps years to come now.

http://globaleconomicanalysis.blogspot.com/

Wie seht Ihr die Lage?
Gruß
Vatapitta

--
Chronisch sind die Schmerzen dann, wenn der Doktor sie nicht heilen kann. http://www.liebscher-bracht.com/