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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: T L Comiskey who wrote (19507)	5/23/2003 8:42:42 AM
From: yard_man	Respond to of 89467

I better get down there and catch some more redfish before they are all gone. Mmmmm wish I had some I could throw on the grill today <ng>

To: T L Comiskey who wrote (19507)	5/23/2003 10:08:37 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

funny final line by Daily Reckoning on Japan buying USTBonds Can bond prices continue to rise? We note that long bond yields of 2.5% were common in the '50s. And while nominal yields are at record lows, real yields still have room to fall. As deflationary forces knock down prices, the difference between the nominal yield and the real yield widens. Even at a zero percent nominal yield, if inflation were running at minus 3%, bond holders would still realize a positive return of 3%. Tax-free. Richard Bernstein of Merrill Lynch points out that, historically, people have kept about as much of their investment money in bonds as in stocks. Now, they are overweighted towards stocks, with two thirds of their money in them. By this measure, too, bonds have room to go up. So who knows? The Japanese are buying. Usually, whether it is golf courses, great paintings, landmark real estate or stocks, they buy at the top...but even the Japanese are not reliably moronic. We'll have to wait and see... / jim