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Very good Cullen Roche post on the current bond situation
Posted: Tue Jan 11, 2022 9:35 am
by Kevin K.
Roche (author of "Pragmatic Capitalism") seems to me to be well worth following. Here's yesterday's big picture look at the market's latest gyrations and the Fed's role in them:
https://www.pragcap.com/who-will-buy-the-bonds/
As Mr. Lawson (AKA Medium Tex) said long ago, U.S. Treasuries are still "the best horse at the glue factory." That said, I wouldn't touch any such horse older than about 5 years at this point. YMMV
Re: Very good Cullen Roche post on the current bond situation
Posted: Tue Jan 11, 2022 2:41 pm
by johnnywitt
If one wants to hold a PP or PP variant, then they have to believe in the basic philosophy behind holding such a portfolio. Holding Bonds that aren't Sovereign & aren't Long Duration is antithetical to the basic philosophy.
Most Folks aren't suited to holding a PP or variant thereof IMHO.
Most "investors" have no clue of even the difference between investing & speculation; in fact, most are akin to dogs that like to chase automobiles and with commensurate results.
Re: Very good Cullen Roche post on the current bond situation
Posted: Tue Jan 11, 2022 6:30 pm
by I Shrugged
johnnywitt wrote: ↑Tue Jan 11, 2022 2:41 pm
If one wants to hold a PP or PP variant, then they have to believe in the basic philosophy behind holding such a portfolio. Holding Bonds that aren't Sovereign & aren't Long Duration is antithetical to the basic philosophy.
Most Folks aren't suited to holding a PP or variant thereof IMHO.
Most "investors" have no clue of even the difference between investing & speculation; in fact, most are akin to dogs that like to chase automobiles and with commensurate results.
Except that for the last 40 years, everyone is above average.