Over at Barron's blog, Randall W. Forsyth offers the opinion that U.S. Treasury securities may be the "new gold." Pointing to a large drop in yields since early April, about the time the Eurocrisis heated up, Forsyth intimates that Treasuries were woefully underestimated two months ago.
Yields are nowhere near their crisis low, of course, and the Treasury bull market is quite long in the tooth...
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Hmmm...I read the article and all I got to say is this: the Dollar is very strong against all currencies, nevertheless, the Dollar is nothing more than the prettiest horse at the Glue Factory.
ReplyDeleteCavaet Emptor....cowboys! Be carefull what you choose to ride.
It's a lot like the Red State/Blue State divide. In the gold corner, we have the Inflation Party. In the T-bond corner...
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