Kirk Comment: This is a very good chart by Jas. What happens if the bottom in the UST bull market already started and what it shows now is a higher low after making a low in 2009? Obviously Jas and Gross have different opinions. BOTH were bearish on US Stocks when the stock market bottomed in 2009 so it will be interesting to see who is correct going forward..
-------- Original Message --------
| Subject: | Who Is Afraid of the Long-Term US Treasury Bonds? |
|---|---|
| Date: | Mon, 4 Apr 2011 09:33:51 -0700 |
| From: | Jas Jain |
Who Is Afraid of the Long-Term US Treasury Bonds?
Warren "the best investor of all time" Buffett and Bill "the Bond King" Gross.
David Rosenberg: "Memos to Warren and Bill: If you hate bonds because of inflation and fiscal policy, then you can't be in favour of equities either."
Let me share a secret with you, Mr. Rosenberg, that Buffett and Gross are proven born-and-bred American dopes in the areas of economics and investments, at least for the past 13 years since Buffett bought Gen Re and turned Berkshire Hathaway into the Buffett Scheme. I can say without bragging that my returns over this period in the US treasury bonds for my family's accounts are far superior to Buffett Scheme and those of the supposed "Bond King." Unlike these two propagandists I am not selling anything to anyone. You have to be a crook to be successful in selling economics, investments and politics to born-and-bred America dopes. Buffett's returns since June 1998 (purchase of Gen Re) and Gross's record of forecasting the Treasury yield are both very bad. How many born-and-bred American dopes know this fact? This is yet another example of the role of suppression of information in wholesale breeding of dopes in America. As the attached graph shows, the 30-year Bull in the long-term US Treasury bonds is alive and well. And this Bull would break thru the wall (the yield) on the down side. Long live the Bull!
Jas 
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