Posted on 10/03/2023 9:41:23 AM PDT by Diana in Wisconsin
Nobody's listened to them since 1988
Why doesn’t anybody tell me these things?
E. F. says buy DWAC..
Don't worry, I'm sure your account with Bernie is doing just fine, you are still getting statements?
“Blue Horseshoe Loves Anacott Steel”
It has very little to do with the average American, if you look at how banks operate.
You're also "cherry picking" your DXY dates - since it's now higher than it was in the 90's.
Why did the dollar spike around 2000? Because of the economic crisis called the "Dot Com Bubble".
The US dollar always spikes in deflationary times - which is what we're currently in and it will be getting worse.
Yes, the DXY measures against a basket of other currencies. When DXY goes up it indicates that the "factory nations" are struggling. China is the largest factory nation and it's in its economic death spiral right now.
If you believe the opposite from me then stock up on gold, silver, and oil.
If you believe in deflation then I wouldn't hold those things at all. They're just commodities that will be dropping. Oil was only going up because of drastic OPEC supply cuts. Without that, it would be in the $50 dollar range.
My last buy was 5.35% a week ago.
Bull....
(for those who remember the commercials...)
I'm doing a laddering strategy with them. Buying 1/4 of my portfolio every week and have 1/4 maturing.
I just keep reinvesting through Treasury Direct.
That way I alway's have 1/4 of my assets very liquid, with the other 3/4 pretty liquid as well.
When deflation finishes taking its toll then those with cash will find great deals. That's what I'm waiting for, and sitting on the sideline in treasuries until then.
4 week t bills here as well.
Every Tuesday money comes in and money goes right out in new bills.
Exempt from state taxation as well.
It's nice to watch all of this from the sideline while still getting great interest. My monthly interest from t-bills more than pays for my mortgage.
Yep - auctions on Thursdays and settlements the following Tuesday. Like clockwork.
I am also buying them through Treasury Direct.
I have a mix of 26 week, 13 week and 7 week. My most recent purchase was a 26 week I set up to reinvest 3 times.
Six months ago the 7 week were the highest rate.
They amount to about 7% of my portfolio. The rest is in mostly small cap mutual funds and a couple stocks that I wish I had sold.
I saw where the Russell 2000 just went negative for the year. Small caps are telling the true story of the economy, and it's not good.
Up to 5.7 today.
Yes, I know.
My 401K peaked 6 months into Bidens term. Went down until this past winter. Went up until a couple months ago.
Next year might be a good time to buy a second hand boat or a used sports car. When people need to start dumping assets to pay rent/mortgage.
I don’t see anything higher than 5.34% on Tbills:
https://treasurydirect.gov/auctions/announcements-data-results/
From my Schwab account.
Not an auction.
CUSIP 912797GZ4
Security Type U.S. Treasuries
Maturity Date 04/04/2024
Coupon Rate 0.000%
Coupon Type Fixed
Coupon Frequency —
Accrual Day Count Act/360
Dated Date 10/05/2023
First Settlement Date 10/05/2023
First Coupon Date —
Next Coupon Date —
Original Issue Discount 97.300333
DTC Eligible Yes
Evaluated Price 97.300333
Call / Put / Sink Features
Call Type —
Call Method —
Call Details No Cash Call Identified
Call Notification Days —
Next Call Price —
Next Call Date —
Call Schedule —
Survivor’s Option No
Quote Details Bid Ask
Price 97.299 97.304
Current Yield 0.000% 0.000%
Yield To Maturity 5.582% 5.572%
Yield To Call — —
Yield To Worst — —
Available Quantity 5000 15000
Trade Min/Increment 1 / 1 1 / 1
Security Min/Increment 1 / 1 1 / 1
Price Details Price based on 25 bonds and a settlement date of 10/05/2023
I sit here remembering how I once wondered how a rise from 6.3% to 6.6 % on our new inventory loans could be managed
the bond vigilantes are back this wont be pretty
Seems quaint now......................
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