Bonds are the place to be, says SocGen's Al Edwards, out quickly to respond to Goldman's call to...


Bonds are the place to be, says SocGen's Al Edwards, out quickly to respond to Goldman's call to shift assets to equities. "Expect new lows on bond yields by Q3 and this equity rally to turn to dust - just as it did in 2011."
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Comments (2)
  • AlbyVA
    , contributor
    Comments (778) | Send Message
     
    Al Edwards at SocGen is pissed because they will suffer with all the US Treasury debt they are holding. They are trying to talk up bond prices so they can get out before the hammer crushes them. Only a fool would be long US Treasuries. C'mon, 3% on the 30yr and 2% on the 10yr is a JOKE. At 2% yield, it would take you 35 years to double your money.

     

    Unless there is a WWIII or the E.U. has suddenly dissolved, 2% on the 10yr is for suckers. Nevermind the 3.5% rate of inflation.
    21 Mar 2012, 01:30 PM Reply Like
  • bbro
    , contributor
    Comments (10935) | Send Message
     
    Al Edwards.... May 25 2011...
    "But I am not the only commentator expecting a deflationary bust – the sort of bust that will take the S&P down to 400 from the current 1300."

     

    And to think a European bank who needs to cut costs pays this guy the big bucks...
    21 Mar 2012, 02:33 PM Reply Like
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