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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (106495)	12/27/2011 1:58:24 PM
From: Road Walker	Read Replies (1) \| Respond to of 149317

One thing I've liked about DBLTX is that it barely moves even as the stock market has gone through wild gyrations this year. In addition, it has yielded a steady 8%+ all year. Very nice. And let's face it. Do we really think US interest rates are going to go up any time soon? Morningstar has it low quality and moderate Interest rate sensitivity. If companies start tanking' it'll have problems. If, as you believe, inflation comes back it will have even worse problems. I've gotten KILLED in junk bond funds when the wrong things happened. Bonds don't equal safe at all.

To: RetiredNow who wrote (106495)	12/27/2011 2:08:50 PM
From: Road Walker	Read Replies (1) \| Respond to of 149317

And let's face it. Do we really think US interest rates are going to go up any time soon? I believe we're going Japanese with endless QE and the Fed financing the Treasuries debt issuance, just like Japan. Therefore, if Japan is the model, we'll have rock bottom low rates as far as the eye can see, at least until Bernanke is history and a new person is hired that looks more like Volcker. Yes I do think US interest rates are going up in the coming year. Not going down; nowhere down to go. Regardless of the "when" there is not much doubt of the next direction. One thing I learned around the 70's is it's really fun to own 10% dividend stuff when interest rates are 5%, not so much the other way around.