Agree 100%. Didn't read your topic before I started mine. The only difference is that the U.S. $ is a reserve currency, so yields won't reach the Italian level, but 5 or 6% is doable in the next month.
Hi Guys, I'm curious, why do you think rates will increase to 5 to 6% in the next month if Uncle Ben said he isn't raising rates for 2 yrs? Please help me understand as I'm not a fulltime investor, so appreciate a response in layman terms.
Doesn't anyone remember when Jimmy Carter was president and CD's were yielding 12%? Is the guy in there now any smarter than Carter? Are we in any better shape? Figure the value of a 30 year 3% bond when we get back there. All that "flight to safty" will be a cruel joke. The Fed's "twist" is doing to investors what Native Americans did to Bison at "Buffalow jumps" - hearding them over a cliff.