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

To: John Vosilla who wrote (95622)	7/14/2008 11:01:16 AM
From: Robin Plunder	Respond to of 110194

Some interesting discussion by Jim Willie on why the bond yield will remain low....I dont think I buy it, but perhaps he has a point. Robin www.financialsense.com/fsu/editorials/willie/2008/0711.html

To: John Vosilla who wrote (95622)	7/14/2008 11:28:59 AM
From: bart13	Read Replies (1) \| Respond to of 110194

Would that he were still around to ask but he passed away over 30 years ago. He actually grew up in Germany during Weimar and then moved to the US in early 1929, and he seldom talked about either period. He did start pulling silver coins out of circulation in 1964 and I had little understanding of his real reasoning until well into the '70s... and also literally humored him by buying my first bits of gold & silver in 1967. Would that I had also learned more than I did from him and had the perspective I do know... and not an unusual view to have about one's parents. I suspect that he would have pointed to Weimar and that bank interest rates didn't really start to move up until very late. They were still around 5% until the assassination of Walter Rathenau, the moderate and able foreign minister, in June 1922. But they were still only about 12% in December 1922. Argentina shows a roughly similar picture - 60 day CDs were paying 4% in early 2001 and moved to 40% by the end of the year.