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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (67811)11/6/2010 2:13:25 AM
From: TobagoJack1 Recommendation  Respond to of 220394
 
just in in-tray

From Fixed Income Strategist, David Zervos

Below, I have put the Ben Bernanke op-ed piece from yesterday into a format that should be a little more transparent. Rather than an article, I have reformatted it as an open letter to the key holders of US sovereign debt.
---------------------------------------------

Dear Global Reserve Asset Managers,

I regret to inform you that unless you sell all of your US government Bonds and buy US equities, US real estate assets or non-US assets you will likely lose 50 percent of your real purchasing power over the next few years. We hope that this minor inconvenience will not dissuade you from supporting the US capital markets going forward. If you need any help finding a bid for your Treasury securities please contact us directly by going to the following link -

federalreserve.gov.

In addition, if you would like to buy any US real estate or equity assets directly you can do so by going to the following link -

treasury.gov.

We want to thank you very much for funding our expansive government and private sector debt markets for the last 20 years. We appreciate your support and look forward to working together in the future to build a stronger global economy.

Sincerely,

Ben