Randam Ron Paulism
Christ came here for spiritual reasons, not secular war and boundaries and geography. And yet, we are now dedicating so much of our aggressive activity in the name of God, but God, he is the Prince of Peace. That is what I see from my God and through Christ. I vote for peace.”
Values Voter Presidential Debate, September 17, 2007
Bill Gross On Why The Giant Wave Of Aging Retirees Makes US Debt Even More Attractive
Doomsayers like to disagree that a US faces mercantile Armageddon since of all a obligations to retirees that will come due in a entrance years.
So it’s violent to buy US debt then, right?
Actually this proof gets it 100% backwards.
In an talk on Bloomberg TV, Bill Gross got opposite a low point:
On since Ford is changeable billions of dollars a year from their equity portfolio into bonds:
“They’re doing that since of a certainty, locking in their liabilities relations to their assets. Even during a low, 2-3% rate. Boomers, from a standpoint of particular investors, are a same way. They’re commencement to get comparison and need some-more certainty. Do they find seductiveness in a Johnson and Johnson during 3.5% division produce with expansion potential? Sure they do, though they also trust they wish that income back, and if there is a 2008-2009 scenario, maybe they won’t. So there are demographic tradeoffs here that have to be considered.”
It’s a cliche you’ve listened a garland of times, though for some-more and some-more people, their primary seductiveness is lapse of capital, not lapse on capital. This is generally loyal after 2008-2009, and for people who are timid this incentive is quite strong.
So a demographic trends don’t indeed vigilance bond doom; they vigilance starved bond demand, accurately as we’ve seen in Japan, another place where demographics were ostensible to lead to mercantile catastrophe.