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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (8406)	5/5/2005 6:17:30 AM
From: rrufff	Read Replies (2) \| Respond to of 8752

Very interesting post. A couple of things with which I'd disagree. 1) We're not necessarily in a bull market. LOL.. If you're making money, it's because of your superior talents and those of Reid. Look around and you will see inferior returns by most. 2) The macro picture is very difficult to predict. Inter-action of currency rates, political flows of money, make traditional predictions for interest rates and economic growth even less reliable than they were 10 years ago. I agree with more of the article, the key being that we have to cut government spending somehow. The government excesses and inefficiencies seem to expand with every call for reform. Taxes get more complicated, more administrators join the payroll, more pork gets put in the oven with each call for change. The comment that the 30 year bond would have been a good move 2 years ago when rates were low was particularly telling. With all the "experts," our government didn't have the "intelligence" to do what us poor slob taxpayers do on our own without a lot of advice, and that is refinance our short term debt and high rate loans with long term mortgages when interest rates plunge.