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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (90082)	1/4/2008 3:25:56 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 110194

"........... there is no efficient market because US Treasury rates are not freely traded, and are manipulated on a economic scale not seen since the Soviet Union. In turn the use of these rates to create models for other investments (such as equities, commercial real estate) has been highly distorted, and defacto inflated. In turn this has created serial debt Bubbles, followed by subsequent fallout and blowback (inflation) when the phony fictitious capital models behind these investments, securities and Ponzi units are not supported by economic realities." "And what rationale person would think that 3.26% is an efficient reality rate on a five year note issued by the government of a nation with a currency in rout, a population in deep trouble, scary levels of inflation, and a Ministry of Truth who without shame lies about it all?" You have hit the nail right in the head. US Treasuries are the biggest bubble/manipulated market of all time. I wouldn't touch 'em even at 10% yield.