dr.doolittle

Bond Expert: Friday Outlook

bonds are boring, that's why people make money in them. they're not stupid, though--and the stock market move smartly higher on Friday because Uncle Sam has successfully borrowed his way out of a financial collapse, so embrace the boredom! The real question for "the bond expert" is who isn't borrowing, right? Hasn't that been the disaster of the 90's and the entire automobile industry? They've borrowed themselves to death. It was only 10 years ago that Uncle Sam was running huge budget surpluses. Besides Pelosi and Reed, has our government changed to the bankrupt state? Or can it actually dig itself out of this hole? Now that isn't boring and we shall see how serious this recession is in the next few months.