UnThreaded | Threaded | Whole Thread (38) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: BrianMotleyFool One star, 50 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72159  
Subject: Re: Venezuelan election October 7 Date: 10/4/2012 6:49 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
>> no politically conceivable combination of tax rises and spending cuts is going to be able to fix it. Default is inevitable on either issued debt, or promised benefits, or, most likely, both...

Brian:

It is solvable IMO.

If you have the opportunity, pick up a copy of EndGame by Mauldin.

It is not too late if we act now. <<

Maybe, just possibly, you are right. But tell me - are you willing to put your money where your mouth is? US Treasury debt is rated as AA+, one of the safest investments on the planet. Are you willing to buy Treasury securities? Do you feel the current interest offered on Treasuries compensates for the level of risk?

Judging from behaviour of investors around the world, the current interest rate and bond rating on US debt is a joke. More than 70% of Treasury debt is currently being bought by the Fed. No one else wants it.

Were it up to me, 10 year US debt would be rated around B, and 30 year debt would be junk.

Brian
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (38) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Clorox Isn't Cleaning Up
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement