SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (88830)10/21/2008 10:35:50 AM
From: Mike Johnston  Read Replies (1) of 116555
 
Credit markets have fallen so far that they are providing a "once in a lifetime opportunity," and investors are still selling.
"There has been widespread liquidation of assets that has nothing to do with fundamentals," said Scott D'Orsi..... "Investors in bank debt are being presented with a vast number of extraordinary opportunities; opportunities that I would characterize as once in a lifetime."

If something is widely touted as "once in a lifetime" opportunity, it most likely isn't.

If deflationary depression arrives, the default rate will be much higher than 5%. It will be closer to 20%.
In hyperinflation bonds will be a total loss, no matter what the yield.
With bonds, you lose most of your money either way, no matter which outcome will come to pass.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News