It is telling us that we have a slower economy ahead. |
It's a very delicate balance. |
It's just that other areas are more attractive, such as the mortgage market, |
It's not a great time for high yield. |
Many so-called emerging markets have long since emerged. Russia now has an investment-grade credit rating and with oil where it is right now, probably more money in the bank than the U.S. |
Nobody heard of it last year and now we're helping farmers. |
Pay per click was just the beginning. The real evolution is pay per action. |
Sites don't like that; and big, and important sites won't participate because that siphons off their brand identity, |
So, the lower inflation goes and the more and more investors believe that inflation will stay low, the better it is for the bond market. |
Some people say farmers have always helped farmers, People say we're expanding the definition of neighbor. |
Stocks historically return more than almost all other alternative investments but only when priced right when the race begins, ... If you start from day one with P/Es too high or, importantly, dividends too low, you will not obtain equity returns in excess of bonds. |
That is not to say that long government bonds won't go up in price if the 'system' suffers some elimination, slower growth, or to be frank, a recession in 2006, |
The current, rather mild U.S. recovery has been driven by asset appreciation/consumption and not employment or capex [capital expenditure] growth. Future growth is dependent on additional asset appreciation in real estate and stocks if Asia continues to absorb much of our investment and many of our jobs. |
The days of eating salad may be over, but 5 [percent return] is ample sustenance in a low inflationary environment. |
The fact is that GE is a conglomerate financed by a money machine -- its subsidiary GE Capital -- but, unlike Berkshire Hathaway, its foundation is vulnerable because its survival depends upon the confidence of outside investors, |