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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Don S.Boller who wrote (13468)	1/26/1998 7:20:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 18056

If I thought the long bond was going to go to 4% in the next 24 months, which would mean a capital gain of an additional 25% or so on top of a 5.5% income, that would be a good place to be. It's just that long bonds have not had such low interest rates in a long time--I haven't actually looked, but I think we were still on an international gold standard when interest was that low. I remember talking with a friend in the 1970s when he was getting 14% for his money without trying. "Interest rates ain't never coming down again!" he said. So he stayed in money market With money supply figures up, further disinflation seems unlikely.