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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Chispas who wrote (22000)1/23/2005 6:27:14 PM
From: Tommaso  Read Replies (1) of 116555
 
Well, there's no question that much of the time the U. S. long bond (or savings bonds held for long periods) are certificates of confiscation. At least you got your face value back. Anyone who bought a 2.5% long bond in the 1940s had not only lost out to inflation, but could not sell the bond for more than about 60% face value 20 years after purchase because of interest rate rise.
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