“Treasuries have some bubble characteristics, certainly the Treasury bill does,” Gross said in a Bloomberg Television interview on Dec. 10. “A Treasury bill at zero percent is overvalued. Who could argue with that in terms of the return relative to the risk?”
The U.S. has pledged $8.5 trillion, more than half of the country’s gross domestic product, to spur lending and bail out troubled companies to limit the damage of the recession.
Regards,
frenchee
#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
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