Bill Gross US Treasuries "Most Overvalued"

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-------- Original Message --------

Subject:	Re: Guru Bill Gross on Treasuries
Date:	Tue, 8 Mar 2011 09:21:00 -0800
From:	Jas Jain

Date: Tue, 8 Mar 2011 05:59:35 -0800
Subject: Guru Bill Gross on Treasuries
To: jas

Treasuries "Most Overvalued" Bonds, Bill Gross Says: Beware End of QE2

http://finance.yahoo.com/tech-ticker/treasuries-%22most-overvalued%22-bonds-bill-gross-says-beware-end-of-qe2-536000.html

 

"Jas, If treasuries sell off, then housing and commercial real estate will tank even more.  That's not something our fragile financial system could swallow easily, if at all. Imho, the long term down trend in rates is still in place.  In the short term, there's lots of noise. Your thoughts?"

 

Indeed the 30-year bull market in long-term Treasuries is intact. Attached is a chart for the past ten years with trend lines. Some propagandist on Bloomberg has already forecasted a 30-year bear market in Treasury bonds! "Guru Bill Gross" is also in the propaganda business. I don't recall a period when the bearishness on US Treasuries was this high, especially, on financial TV and from Wall Street whorehouses. They have the ears of dopes!

Jas

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