Well, if that’s the case, I need to get ready for some pain in all the long term bonds I bought, but at least they won’t be called early! Too many variables. I know you love this stuff, but aarggh.
Gary February 21, 2023
Actually Mike, I am getting a little annoyed myself. I am out of the way of direct damage because while I have a few very short-term bonds, most of it is just cash paying interest. But as a market manager try to establish the next plan, this is frustrating. There’s a whole lot of difference between inflation and deflation, even on an interim basis. It’s why cash is the logical default position and from there I’ll short, long, and discriminate between sectors and markets speculatively.
Well, if that’s the case, I need to get ready for some pain in all the long term bonds I bought, but at least they won’t be called early! Too many variables. I know you love this stuff, but aarggh.
Actually Mike, I am getting a little annoyed myself. I am out of the way of direct damage because while I have a few very short-term bonds, most of it is just cash paying interest. But as a market manager try to establish the next plan, this is frustrating. There’s a whole lot of difference between inflation and deflation, even on an interim basis. It’s why cash is the logical default position and from there I’ll short, long, and discriminate between sectors and markets speculatively.