| Subject: | US Treasuries Have Been a No-Brainer |
|---|---|
| Date: | Thu, 24 Jun 2010 09:32:43 -0700 |
| From: | Jas Jain |
US Treasuries Have Been a No-Brainer
As the chart below from David Rosenberg suggests: "The best-returning asset class, as far as we can see, have been in long-dated strips – up at a 40% annual rate on a year-to-date basis." I have been recommending these for a very long-time. They have been a no-brainer only for those who understand how the American econo-political system works.
For the past dozen years, ever since I have been warning people to avoid Scams, Scam Lovers have shown that they do their thinking from their ass. During this period, Long-term Treasury STRIPS have out-performed Scams (S&P 500) and Buffett by more than 100%! Only those ignorant of investment and economics have had their money in Scams rather than in US Treasury bonds during this period. Buffett has under-performed 6-Month T-Bills! Buffett is still an investment genius?!
Bankers and financiers will keep on borrowing at 0% and get paid 3-4% in long Treasuries till cows come home and they will keep trading and selling Scams to pension funds and rest of the dopes. USG exists to do all it can for the bankers and financiers, in particular, and corporate crooks, in general, at the expense of the rest. That is the essence of the American econo-political system!
The US Treasuries are a defense against the corporate crooks of America!!
Jas
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