Burticus

Bond ETFs and the Search for Higher Yields

Anyone chasing the bait of higher yields on junk or muni bonds will end up in the fish box. Those fleeing to the "safety" of zero-yield Treasuries backed by the full faith and credit of a bankrupt gubmint will fare no better. The bridge is out ahead, which means the safe exit point is NOW.

My only "temptation" is to run like hell away from bonds, Treasuries, cash and most U.S. stocks before the U.S. economy collapses under a mountain of manipulated debt paper and the FRN free falls in the "Collapse of 2009."

When the music stops in this game of financial musical chairs, there will not be enough golden chairs for the Chinese, Japanese and Arab holders of foreign "currency" reserves and all the other unwitting saps clutching sacks of paper.