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Monday, March 8, 2010 - 8:06 PM
Fortune Magazine's Allan Sloan Says That Interest Rates Will Eventually Go "Way
Fortune Magazine's Allan Sloan says that interest rates will eventually go "way, way up"
<snip>
What sector should we watch for the next bubble?
Sloan: Well, the obvious one are a long-term U.S. Treasury securities. Because I don't doubt the Treasury's ability to print dollars and repay its debts, but I think interest rates on these things, like many people, are going way, way up, and if you buy a 30-year Treasury now, I think you're going to come to regret it.
http://marketplace.publicradio.org/display/web/2010/03/08/am-sloan/
<snip>
What sector should we watch for the next bubble?
Sloan: Well, the obvious one are a long-term U.S. Treasury securities. Because I don't doubt the Treasury's ability to print dollars and repay its debts, but I think interest rates on these things, like many people, are going way, way up, and if you buy a 30-year Treasury now, I think you're going to come to regret it.
http://marketplace.publicradio.org/display/web/2010/03/08/am-sloan/
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