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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (53303)2/10/2006 7:07:09 AM
From: Mike Johnston  Read Replies (2) of 110194
 
But the point is, owning bonds with 4% coupon in a current environment where inflation is anywhere between 5-10% ( depending on who you ask) and paying taxes on top of it is a loser's game.

Unless one believes GDP price deflator that always shows inflation around 1.6%.
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