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Reply #78: Don't buy American bonds then. [View All]

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denverbill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-04-04 03:45 PM
Response to Reply #72
78. Don't buy American bonds then.
Interest rates are going higher. But when interest rates go up, existing bond values. If you paid $1000 for a bond paying 3% interest rates, and interest rates go to 6%, who the hell would pay you $1000 for that bond?

If you're gonna buy bonds, buy them from some fiscally responsible country. That precludes the US.
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