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Views the mainstream media eschew.
SELL SHORT BOND FUNDS
3-11-2013
www.tigersoft.com
(C) 2013 Wm. Schmidt, Ph.D.
The Stock Market's rally is telling us that the offical unemployment level is likely to drop
below 6.5% sooner than the Fed thinks. At least, that is my take on the DJI's spirited
rally. When that happens, demand for loans and mortgages will surely rise sharply. And
the Fed will no longer need to, or be able to, keep interest rates very low. Bonds
will surely fall as interest rates start rising back again. Keep in mind that long-term
interest rates sold with more than a 14% yield in 1980. When the world economic
slow-down ends, expect other currencies to strengthen. This will inevitably mean
the withdrawl of hot overseas money from US bonds as their haven.
Tiger Index of 156 Bond Funds
