Banks are unwilling to lend because the spreads are so low. Insurance companies can't cover their obligations etc. etc.
Had enough with low rates? Boycott the auctions until rates rise.
Zero rates are spurring corporate mergers, which are job destructive. Zero rates hurt savers, who spend less.
Hopefully all the bubble companies will start laying off.
Leave the rest of you to try to get a few more points, if any. Good luck all. Moving on. May buy back if it corrects. Worried about a slowdown in real estate & economy.
Good enough for me. Super Mario usually gets it right. Mario sees some big gains.
Sentiment: Strong Buy
Not to put any pressure on you Stephen. Lineup of guests includes the Pope & Cosby on the SAME DAY___ I mean, come on, can you see the ratings!!!???? Through the roof!
You plan to hold your bonds to maturity? You are not worried at all about rate risk? Current rate levels are scraping the bottom of the last 100 years. Depression level rates with 5.1% unemployment? Seems risky to assume they can continue much longer. We'll see. Do you hedge your rate risk at all Marenkov?
Former FED chief Greenspan was on CNBC Friday talking about the great need for reduction in entitlement payments. I do beieve a significant number of the current FED board agree.
I do believe the FED wants the government to enact long term debt reductions, including reductions in entitlement payments (especially social sec. & medicare) before it would even consider buying more government debt, especially bonds.