If I were an investment guru, I probably would not be writing a radical blog; but I do receive a newsletter from a friend who is (whose identity I am concealing out of respect for his business and the controversial nature of this blog). He compares 10 year government bond yields and finds that the United States performs worse than Canada, the U.K., Germany, and Japan, actually producing a negative yield of minus 0.23% (as of May 5) when adjusted for inflation. His conclusion: "[A]t current levels, we believe U.S. government bonds currently offer little to no value."
To me this is common sense. If the U.S. government were a business, it would have faced foreclosure long ago.
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