posted on Sep, 8 2009 @ 12:07 AM
reply to post by redhatty
Thanks. Found the blog, but Bllomberg still doesn't have it.
Story misses a central point, though.
High-risk debt (junk bonds) have had the highest return of any investment this year, regardless of when they were purchased! Whether bought in late
2008, early 2009, or since the March bull beagan, corporate debt has returned WAY more than treasuries, stocks, and even foreign investments.
The 18 primary dealers are dumping their treasuries over to the Fed, which has to buy them due to its earlier commitments, and plowing the cash into
higher risk, but higher paying junk bonds.
Does this ring any bells for you?
Not really good news, especially with China and Japan trying to dump some of their treasury exposure as well.
Thanks for the link.
But, why doesn't Bloomberg carry the story THEY originated?