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Politics : President Barack Obama
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To: koan who wrote (45998)11/30/2008 11:38:07 AM
From: SouthFloridaGuy  Read Replies (2) of 149317
 
Koan, you forget to mention that Silver is up $1 after being down 70%+ from wherever it was. The same can be said about most industrial commodities which were cracking way before the financial crisis.

Plenty of people want to own U.S. debt. Plenty of people continue to own Japanese debt. They have more Gov't debt than us and greater default risk, please explain this.

I've owned it because I don't want to own stocks from any region. 10 year rates are under 3% so this whole business of who wants to own U.S. debt and how are interest rates will go to 10%+ gets tiresome after 5 years of hearing it. Indeed that has happened on debt which has a risk of default which is the only risk the market cares about, but is not a risk to U.S. gov't debt, IMO.

Will U.S. rates eventually rise. Sure, just like they did in the 70's. But that could be upward of 15 years from now and to worry about it at the present moment is like an obese man worrying about whether a healthy diet will cause him to lose too much weight.

When 70% or so of the world's growth was built around the U.S. consumer, I'm not sure how exactly the world is better off than us since they were supplying us.

It's like a drug dealer and crack addict relationship. The crack addict can be rehab'd (after going through much pain), but the drug-dealer is also out of business.
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