One day perhaps the budget will be huge. Rates will maybe go higher and higher because of inflation and lack of faith in debt. And perhaps the economy goes bad too? Then there will not be enough money to cover the budget or the interest of the debt. That will be bad times... hope I’m not here then...
But now, let’s eat some cake!
Historically, this market has some strong similarities to 1982-1987
The debt market is early 1950s.
I’m getting 5.5 tax free in the muni market. That isn’t too shabby, though it’s leveraged a bit. Bonds may not be ideal for 5-8 yrs, but maybe they’re a good allocation for 2 yrs. man cannot live on stocks alone...,