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Not only that.....
RobotTrader - Sat, Jul 31, 2010 - 09:32 AM
Not only that, but the appetite and lust for U.S. Treasuries, Corporates, Junks, Munis, and every other kind of debt is virtually unlimited.
The more we spend, the more we borrow.
The more we borrow, the more our gullible creditors are willing to extend and pretend.
Can't really blame them, as early every Treasury bond investment purchased in the last 30-years is now in a winning position.
Unlike gold mining stocks touted by the infationists. Heck, many gold mining stocks are trading at the same price they did 3 years ago when gold was only $600.
Or oil service stocks, touted by the Peak Oil crowd, which are trading near or at multi-decade lows.
Sheesh, even the biggest, most powerful, most creditworth company in the world (XOM) paying a 3% yield cannot catch any bids lately.
No wonder Bill Gross is drawbridged into his private island in Newport Beach.
With over a trillion under management, he has become a freaking rock star on Wall St.
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[ Post Last Edited By RobotTrader on Sat, Jul 31, 2010 - 09:34 AM ]
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Not only that.....
RobotTrader - Sat, Jul 31, 2010 - 09:32 AM
M3el duderino - Sat, Jul 31, 2010 - 10:09 AM
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