We're pleased to announce an update is coming to the community boards.
Saturday, September 24th: We are migrating the boards to a new platform. The site is currently in read-only mode and we will bring it back online as soon as the migration is complete.
We are in the process of migrating the boards to our new platform! This board has already been migrated but you can click below to continue the discussion on the new site.
Kevin -The most recent estimate I've seen is from Tom Donlan's column "The Annual Entitlement Lecture Medicare Elephantiasis," which ran in Barron's Mar. 31 issue.If you have a Barron's online subscription click here:http://online.barrons.com/article/SB120674483937873051.htmlThanks for providing links to all those reports.Last, this letter by First Pacific's Robert Rodriguez is required reading. Rodriguez, who has been named best stock and bond manager at various times during his career, says the Fed's socialization of risk will drive interest rates higher. I agree; at some later date we will pine for the "good old days" when the 10-year Treasury yielded 3.5%. The benchmark bond's 55-year average is 6.5%, or 300 basis points higher than current rates. The 10-year tells us the cost of money, and the higher the bond yield the more pressure this puts on stocks. If bond yields rise I expect, this will dampen enthusiasm for stocks (if it exists).Hewitt
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |