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Too much! by Major
Yield
Too much!
I was reminded that it
was “some time” since my last writing. (The Editor)
More than the 100
days…………………in them, I have been speechless……
I can’t believe what I
see and hear and read and watch and follow and experience.
Too much!
In my mind, I have
written on hundreds of topics, many times every day.
There are none written
on paper because of the rapidity of topics that come at us every day.
Too much!
Perhaps, you have your
arms around all that is happening in the US, or the World?
I do not.
Too much!
Not only has the
“definition of terms” changed, so has the basic meaning of words in
finance.
The New Beltway Boys
with their New Economics in a New Era of “Change” have already rewritten
“take over” “Economy” ownership,
Free Enterprise etc .
Nothing looks the same.
General Motors (GM) is now Government Motors (GM).
AIG is now, All Insured (by) Government.
Many Big Banks are
Government owned. They just don’t know it.
The US Treasury Department has become one of the
free markets biggest competitor’s.
There is not enough
space on this page to express opinion about them all and they keep coming
everyday.
Too much!
What’s happening today was predicted by Milton
Friedman in his book Money Mischief.
From the deficits, money
supply, Treasury buying the debt, to government officials’ actions and
denial of inflation worries, right up to massive inflation. A must read.
That said,
I can not intellectually make a forecast for “all” the credit market
professional out there.
Where does the market go
from here? What should we do?
You answer the Question(s) and send it in by e-mail and we will put it on
the page for all to read. If words are EC – editor correct.
My Gut, says that the T Curve will have put most portfolios back in the “lost
in asset value column” as interest rates rise…. Buy a 30-yr to at a 4-4.50
% recently and see 8 % sooner than you may think.
My gut says, (as Obama said to the Los Angeles folks, “You ain’t seen nothing
yet!”)
My gut says you can eat an elephant, one bite at a time- and - It will be
eaten.
The unbelievable
government spending, the huge, huge deficits, the assaults on Wall Street
folks, the assault on the leaders of important industries and their CEO’s,
the assault on private enterprise, the destruction of home values, 401k’s,
need I go on????
Will take many life
times for the taxpayer to eat this elephant.
Just Too Much!!!!!
For Fixed Income
Portfolio Management:
Credit – Governments -
with a printing press.
Maturity: short
Yield: Not too much!
Pain: Too much!
Major Yield Is
a bond trader with almost 35-years of in-the-business experience.
He has been
writing fixed-income/economic/interest rates – comments with daily
updates, for close to 25-years. He has met some of the most interesting
and successful “folks” writing for the Bondheads.com
The Major works
with the professional, institutional investor, of most regulated industry
sectors, that invest in the credit markets, using investment grade products.
The Major
believes that all opinions are possibly correct and yours, his and
everyone, has the right to voice theirs.
Major Yield
enjoys all comments from readers and may reply to them.
You may contact
Major Yield at Major Yield
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