While Higher Taxes for the Muddle Class are on the way.
The Billionaires Boys Club sees the Stimmy as their Salvation.
Higher Taxes? Only if I can get First Abuser Rights to 10X what I'll be required to pay for "Them"....
The Bond Market believes the Stimulus - "Further Recovery, Infrastructure, Spending Bill" will get things on track once it's pared back to $1 Trillion...
How do you mend a Broken Global Economy as Yield Curves are flattening around the Globe?
This one is great HK. You should be the professor at Drexel. I don’t think people really appreciate the quantity of the number trillion. We are no longer in the same system of rule. We will have working class poor and rich classes. As middle will be a thing of the 20th century
HK_L61
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@RT1050, The Hoi Polloi believe it'll all work out... Confidence at all-time lows.
Johnny_Rockets88
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so what's your position? we going to zero?
HK_L61
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@jscheurichiv, What is the Value of a perpetual Bond?
Johnny_Rockets88
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a perpetual bond at 1.5% is worth a lot if all future bonds are at 0%
HK_L61
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@jscheurichiv, Not if the Principal is in Default.
You seem concerned, a reasonable frame of reference.
Johnny_Rockets88
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@HK_L61 my analysis has the 30y going back to test 2% over the next 3 trading days then falling until it bottoms at zero as the yield curve inverts.
HK_L61
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@jscheurichiv, hmmm, we appear to agree. That said, Bonds are the absolute worst investment.
Trade them, certainly.
Johnny_Rockets88
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@HK_L61 cool I've come to respect your opinion. Your last call was totally outside my analysis. Bonds aren't an investment for me, it's a trade and could be a place to sit for the next year to margin and use carried interest to protect myself from possible tax implications coming from congress. I have liquated real estate over the last year that I will have a heafty tax bill. Trading any stocks and living in NJ is to risky considering the tax implications I will have to cover for any gains. I need a safe instrument that my gains will be tax free or atleast able to push profit taking till 2022 and maybe even 2023.