| Subject: | Rosenberg: "Nobody understands the bond market" |
|---|---|
| Date: | Tue, 31 May 2011 09:09:52 -0700 |
| From: | Jas Jain |
Rosenberg: "Nobody understands the bond market"
David Rosenberg; May 31, 2011
"Nobody understands the bond market: It's probably time to revisit the reasons why bonds are rallying, and why the bull market is intact."
Nobody, Mr. Rosenberg? I have one of the best records in the world and I have actual results to prove it. Putting my money where my mouth is, 40% of my family's networth is in long-tern US Treasury bonds (STRIPS). Because of hedging, since November 2008, when bond prices were very high, we have been making new highs on almost daily basis for the past few weeks with a compounded return of 15% a year for the past 4 years.
There are people who do understand the fundamentals of the US economy and how, and for whose benefit, it is manipulated. There is no "Printing of Money" is going on. In this regard, Bernanke is telling the truth (all propagandists tell truths and lies in order to confuse the dopes and to pander to their prejudices). America's inflation dopes are easily among those who do not understand how the economy and Fed policy really work. Every economics ignoramus I know, and I know quite a few, has been bearish on the US Treasury bonds. Problem with any ignoramus is that he, or she, doesn't know what he, or she, doesn't know.
Jas
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