Gene: > Whoops, there goes Sabri's investment plan. > > Switching to a serious mode, I think the observation Julio makes is important. > But if people flee the dollar, what do they turn to?
Meaning my investment plan remains intact, since August 1999, I mind you! Take a look at this: http://finance.yahoo.com/q/bc?s=%5ETYX&t=my&l=on&z=l&q=l&c= Does that picture look anything like long term US treasuries collapsing? Don't take Bernanke seriously. He is a central banker. Of course, he is going to say such things. The US treasury can borrow without any difficulty for many years to come and the Fed can continue monetizing that debt for many years to come without any destruction of any kind. It will happen, but not now. This debate is becoming like the peak oil debate: did the US treasury passed the peak debt or not? Or, alternatively, is this a debt bubble or not? I vote for not or, at least, for not yet! Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
