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

To: ggersh who wrote (125517)	12/1/2016 12:30:43 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 217542

I have some 100 year maturity railroad bonds which became worthless during the 1930s. Hundred year maturity was not an uncommon bond maturity in the 1920s business world.

To: ggersh who wrote (125517)	12/1/2016 4:50:30 AM
From: John Pitera	1 Recommendation Recommended By ggersh Respond to of 217542

Hi ggersh, of course not.... you know they they throw me a $50 starving artist freelancer fee to float this stuff out there and give a veneer of plausibility / substance to the debasement of the financial markets -g- “DUKE” MNUCHIN STRIKES AGAIN! SUGGESTS 50-100 YEAR US TREASURIES (DROPS A DURATION BOMB) The US has a staggering amount of Treasury debt outstanding that has doubled in size (actually up 105% since October 2008). And as interest rates rise, the US Treasury will have to figure out how to refinance the debt as it matures. In an interview on CNBC Wednesday, Steven Mnuchin said about the current mix of U.S. debt issuance: “we’ll look at potentially extending the maturity of the debt because eventually we are going to have higher interest rates and that is something this country is going to need to deal with.” Prodded further, he indicated that he may look at issuing debt that doesn’t come due for as long at 50 or 100 years, among other options, a much more distant maturity than the longest-term 30-year bond that’s currently outstanding. So, Treasury Secretary in waiting, Steven “Duke” Mnuchin is following the UK and France’s model of 50 year sovereign debt. His suggestion was brought on my rising Treasury rates that could literally break the back (and fiscal budget) of the Federal government. So, longer duration bond issuance from Treasury? Duke Mnuchin just dropped a bomb on Treasury investors.