Wednesday, September 1, 2010
Various Treasury fund durations updated...
For full disclosure, I have been keeping the door open to a short term d Boy event which, while looking less likely now, is still in play I suppose. But as noted before, the level to which T Bonds have been manipulated should be of GREAT concern to people really buying in to the deflation / US Treasury 'safety' story.
A bigger picture reveals a potential grand scale inflation the likes of which we have not seen in modern financial history. Just my not so humble opinion. :-)
And just so inflation bull (i Boys) wiseguys don't get the wrong idea, and lead their herds astray, this in my opinion, will NOT be an equal opportunity inflation as the 2003-2007 specimen turned out to be. I am pretty sure there is going to be deflationary destruction that not even wanton debasement of the currency can stop, in items that still exist on some seedy balance sheets the world over.
As for T Bonds? Well, how about a little dose of inflationary destruction. I have little doubt it's coming.