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When Is Capital Preservation Not Enough?

Money in Trash Can

Pundit Bill Bonner's article about our growing government debt grabbed my attention.

"…. When it comes to government debt, the borrower never pays; the feds have no money. The lenders – big banks, investment funds, well-heeled insiders – don't want to pay.

Generally, they collude with the feds to make sure the real cost is put on innocent third parties – taxpayers and consumers."

Governments pass the real cost to taxpayers and consumers by creating high inflation. Mr. Bonner lives in Argentina. At the end of February, the official annual inflation rate jumped to 51.3% per year. He estimates it is over 100%.

The next article I picked up quoted Fed Chairman Powell:

"Powell called out the need for the Fed and other central banks to find better ways to deal with pervasive low inflation, and said…it ought to pay serious attention to strategies that would drive inflation higher…." (my emphasis)

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Archived Articles

When Is Capital Preservation Not Enough?

Pundit Bill Bonner’s article about our growing government debt grabbed my attention. “…. When it comes to government debt, the borrower never pays; the feds have no money. The lenders – big banks, investment funds, well-heeled insiders – don’t want to pay. Generally, they collude with the feds to make sure the real cost is put on innocent third parties […]

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Why Buy Bonds?

Realizing you are wrong about a basic belief is tough. The last two weeks we discussed “The Bond Fund Risks Your Broker Won’t Tell You” and “Closed-End Bond Funds, Friend or Foe?” We concluded holding top-rated bonds is OK – individually, not in a publicly traded fund. Fund managers, chasing high returns, take risks I’m not comfortable with. If bonds […]

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Closed-End Bond Funds, Friend Or Foe?

In our article, “Is Your Money Manager Really Listening?”, subscriber Rick G. reported a bad experience when his money manager invested in a closed-end bond fund: “…. He put me in several Closed-End Bond Funds (CEFs). He said they were good deals as they were selling at a discount to Net Asset Value (NAV). Upon further research, these CEFs ALWAYS […]

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The Bond Fund Risks Your Broker Won’t Tell You

Historically, funds holding investment-grade bonds have been considered a safe investment. Lending money to hundreds of well-known companies had little chance of major default and provided interest income. Has your broker mentioned new risks emerging? Bonds ratings fall into two major groups, investment grade and high yield (called junk bonds). The bond rating generally determines the interest rate borrowers have […]

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What In The World Is Going On?

Is the British government going to ignore the will of their citizens and not leave the EU? The EU’s immigration policies are sparking political backlash and citizens are taking to the streets. In January, Bloomberg reported, “Mario Draghi Sounds Economic Alarm for the Euro-Area”, citing persistence of geopolitical uncertainties. What in the world is going on? It’s time to turn […]

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Surprise! Surprise! American Car Payment Delinquencies Set Record

Former Fed Chairs, Janet Yellen and Ben Bernanke took great credit for steering the world recovery from the great recession. When something good happens, it’s a result of their masterful strategic planning. Why are they totally surprised when negative news gets reported? The Business Insider headline blared, “A record 7 million Americans have stopped paying their car loans, and even […]

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Don’t Get Caught In The Fed Trap Again

The Government surprised the world in 2008 when the Fed bailed out the banks at the expense of seniors and savers. The Fed dropped interest rates to historic lows while buying U.S. treasuries and bad loans through their Quantitative Easing (QE) program. Seniors and savers lost over $4 trillion in interest income they would have normally received. The stock market […]

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