XPost: talk.politics.misc, alt.politics.economics, alt.politics.republicans XPost: alt.fan.rush-limbaugh
On 10/13/23 6:51 PM, Leroy N. Soetoro wrote:
https://www.msn.com/en-us/money/markets/the-collapse-in-treasury-bonds- now-ranks-among-the-worst-market-crashes-in-history/ar-AA1hK86v
The bond-market sell-off that's sending yields soaring is starting to
eclipse some of the most extreme market meltdowns of past eras.
Bloomberg reported losses on Treasury bond with maturities of 10 years or more had notched 46% since March 2020, while the 30-year bond had plunged 53%.
Those losses are nearly in line with stock-market losses seen during the worst crashes of recent history — when equities slumped 49% after the dot- com bubble burst and 57% in the aftermath of 2008.
It's been a see-saw for a VERY long time. People see
stocks as a way to Get-Rich-Quick, then there's some
vibration in the market and everybody runs to buy
bonds/T-Bills. After awhile that again reverses. Over
and over and over again .... nobody learns dick.
Take the long view and you'll see the best tactic is
to generally stand pat - don't panic. Most stocks will
soon rise again even higher and bond returns will
similarly rebound.
Alas some buy really junky bonds or really iffy stocks
in an attempt to Get-Rich-Quick. They are mostly doomed.
The giant flushing sound. Unless you're an absolute
genius (or have influence behind-the-scenes) you get
rich PROGRESSIVELY, over years, decades. If you wanna
Get-Rich-Quick, well, buy a lottery ticket - only a
buck or two a week :-)
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