Friday, August 05, 2011
Question
Why would any sane person today loan out money for 10 years at an interest rate of less than 2.5% given the massive inflation looming and given that the borrower has the means, motive, and opportunity to cause massive inflation?
It's not a question of whether the government will default. It's a question of whether the money you get back will be worth anything close to what you loaned out. And you should be expecting more back, not less, given that the money is on the sidelines for 10 years.
It makes no difference whether you can sell the 10-year note in less than ten years. The risk is still there and it seems to me that the market is seriously mispricing this stuff.
It makes no difference whether there's nothing better out there right now. Something tells me that will change long before the 10 years are up.
UPDATE Aug 6, 2011:
I wrote that less than 24 hours before S&P lowered the US Gov rating to AA+. Lucky timing.
It's not a question of whether the government will default. It's a question of whether the money you get back will be worth anything close to what you loaned out. And you should be expecting more back, not less, given that the money is on the sidelines for 10 years.
It makes no difference whether you can sell the 10-year note in less than ten years. The risk is still there and it seems to me that the market is seriously mispricing this stuff.
It makes no difference whether there's nothing better out there right now. Something tells me that will change long before the 10 years are up.
UPDATE Aug 6, 2011:
I wrote that less than 24 hours before S&P lowered the US Gov rating to AA+. Lucky timing.
// posted by Bruce @ 7:56 AM 
Comments:
Hi everyone, I am Jesus Mckinney from Texas and I just want to say a very resounding thank you to Financial loan services from Benjamin Lee for their sincerity, Openness, Transparency, Truthfulness, Love and support during and after getting loan funds from them. I have been through a lot and time won’t permit me to say all that I went through online in the guest or getting a loan funds to get a home here in USA but God answered my prayers through the support and love from Benjamin Lee who embraced me and understood me despite my initial doubt and unseriousness and with his good heart and love I am now a home owner through his 2% interest rate loan funds and I have vow to spread this news and also tell the world that there are still genuine and few good online loan firms out there that can assist and also revive a dry bone.
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Hi everyone, I am Jesus Mckinney from Texas and I just want to say a very resounding thank you to Financial loan services from Benjamin Lee for their sincerity, Openness, Transparency, Truthfulness, Love and support during and after getting loan funds from them. I have been through a lot and time won’t permit me to say all that I went through online in the guest or getting a loan funds to get a home here in USA but God answered my prayers through the support and love from Benjamin Lee who embraced me and understood me despite my initial doubt and unseriousness and with his good heart and love I am now a home owner through his 2% interest rate loan funds and I have vow to spread this news and also tell the world that there are still genuine and few good online loan firms out there that can assist and also revive a dry bone.
Don’t fail to listen and read this testimony because this is a true life changing experience and anyone that needs this kind of turn around should not hesitate or doubt this because I have proven and I swear to God in Heaven that this story is real and also the story of my experience with them .
Contact them today.
WhatsApp Text : (+1 989-394-3740)
Email: 247officedept@gmail.com
# posted by 
: 6:32 PM, July 14, 2021
: 6:32 PM, July 14, 2021
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Don’t fail to listen and read this testimony because this is a true life changing experience and anyone that needs this kind of turn around should not hesitate or doubt this because I have proven and I swear to God in Heaven that this story is real and also the story of my experience with them .
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Post a Comment
Don’t fail to listen and read this testimony because this is a true life changing experience and anyone that needs this kind of turn around should not hesitate or doubt this because I have proven and I swear to God in Heaven that this story is real and also the story of my experience with them .
Contact them today.
WhatsApp Text : ( +18632310632 )
Email: pedroloanss@gmail.com
# posted by : 10:56 AM, September 05, 2021
: 10:56 AM, September 05, 2021 << Home
