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in last week's barrons, there is a good argument on page 8 (Randall Forsyth's column) for a longer term treasury bond.


A quote is "The only constituency that hasn't taken advantage of locking in historically low yields is the American taxpayer"

And a brief mention of Argentina's 100-year bonds, 7 1/8%, trading at 72 cents on the dollar...in case you feel like living dangerously.

Sure glad Lavelle got that 2nd goal...it was a beauty. I don't think the earlier PK was deserved (but you could say that made up for the PK the gals should have been awarded in the first half).

These kir royales aren't bad...champagne and a black current liquer called creme de cassis...and croissants, and mousse de chocolat

Game over, cha-chiinggg....off to the payout window.
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These kir royales aren't bad...champagne and a black current liquer called creme de cassis.

Extreme understatement. Are you actually in France for the game or just at a watch party?

IP
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At home in California....we don't dress the part, but we like to "eat" and "drink" the part. Did a little online research to find out about the kir royale.
Earlier in the tourny we had brie, baguetts (sp?), and french onion soup. I drew the line at snails. Don't really like burgundy either.

When it was in Brazil in 2014, found out about caipirinhas, made with cachaca (which is not anything like tequila) and limes.

Here is more of what Mr. Forsyth wrote last week:

"The only constituency that hasn't taken advantage of of locking in historically low yields in the American taxpayer. The US treasury hasn't adjusted its financing practices to take advantage of the lowest borrowing costs in recorded history. And that's while the White House is occupied by the self-proclaimed King of Debt, and Uncle Sam is running trillion-dollar budget deficits"

He suggest the treasury could issue 100 year bonds for less than 3% now.
Other parts of the article mention the European countries that have alread issued bonds longer than 30 years out.

Hope to hit the blues festival in Hayward next week end in case anyone happens to be down that way.
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He suggest the treasury could issue 100 year bonds for less than 3% now.

Extremely doubtful today; but they probably could have done it back in 2013 or 2014 when rates were basically zero and the stock market was in full recovery. I argued that such would have been wise policy back then. We could have borrowed at rates so cheap that we could have effectively pre-refunded all other outstanding debt and shored up SS ta boot.
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