You know, there’s great value in highly rated, 10-year tax free bonds. Some are paying 100 basis points more than a 10-year T-Note...and it’s tax free if issued in your state of residence(or the several states that still do not have state income taxes).
Take a look if you like.
How can a bond paying 2.8% over 10 years be a good deal when even the phoney manipulated statistic of official inflation is at 4.1%.
It is only because the stock markets and bond markets have been destroyed by the combination of Wall Street fleece artists, Federal Reserve con men, and Treaury Dept. hooligans. But I repeat myself, don’t I. It’s all the same guys, just different job assignments on different watches. (Rubin: Wall St -> Treasury -> Wall St; Geirthner: Fed -> Treasury; Paulson Wall St -> Treasury -> ???)