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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (27751)3/3/2005 9:14:56 PM
From: Ramsey Su  Read Replies (2) of 110194
 
Russ,

I think you cannot confuse the Chinese or Japanese CBs with Bill Gross. The latter is purely profit motivated while the CBs has a lot of other issues to worry about.

Let me put it this way. If your economic strategy results in your getting a pile of US dollars month after month, what are your choices? So you buy treasuries or agency papers because they are about the safest things out there and count on holding them to maturity, accepting the coupon rate as the best possible return.

Sounds logical?

Ramsey
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