I am not sure whether there is any merit to this theory, but was the decline in TT's today attributed to the ECB's decision to begin buying their own bonds? LTT yields in the US are substantially lower (less profit potential) than equivalent fixed income investments abroad (yields higher).
Nevermind, saw that S&P downgraded US debt.
LTT Performance
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buddtholomew
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LTT Performance
Last edited by buddtholomew on Fri Aug 05, 2011 8:09 pm, edited 1 time in total.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Re: LTT Performance
Look for the government to begin harrassing the ratings agencies in various ways (SEC investigations, IRS audits, etc.).
You don't do something as provocative as downgrading sovereign debt without triggering some kind of retaliation.
See how Italy has already started: LINK
You don't do something as provocative as downgrading sovereign debt without triggering some kind of retaliation.
See how Italy has already started: LINK
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: LTT Performance
Just what our govt needs....new scapegoats!