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What is the risky asset, asks Jim Grant, scratching his head over the worldwide move into...

What is the risky asset, asks Jim Grant, scratching his head over the worldwide move into fixed-income paper "certified" as safe (I, II, III), even as the actions of central banks make them "certifiably unsafe." Calling the fiscal cliff the Y2K of 2012, Grant says time is better spent searching for cheap assets (MetLife previously). "Stocks bought well are going to do well. Bonds yielding nothing are not."
Comments (1)
  • Bernake is stealing from those of us who saved because the other idiots are broke. He can only save the money system with money. Its that simple. If he held you up with a gun we would put him in jail... but because he has an "office" he takes where he can take. He is all about keeping the system up. Would you rather see people dying in the streets of hunger etc. That is what would happen... so use TLT until you see a turn - 130 t 132 and then switch to TBT when the ten yr hits 1.2 to 1.3 Just go along for the ride. Drop the principles....
    20 Nov 2012, 07:34 PM Reply Like
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