MONEY: The reality of the doldrums

Near the ceiling
Solutions in a world where bonds have nowhere to go but down
By Eytan Avriel
Published 02:35 09.08.10
Latest update 02:35 09.08.10

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3. The third solution may sound weird, but it’s the most practical of the three: Accept the reality.

Yields are going to stay low for a long time. That’s how it is. It may change one day, but until then, keep a stiff upper lip. Grasp the reality with both hands and figure out how to live in a world of low returns.

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Get ready for the “Lost Decades”. Like Japan, the USA is stuck in a morass of Gooferment disasters. At least a natural disaster comes and goes relatively quickly. This one, of our own making, is goign to be here for a long time.

1. End the personal and corporate dole; 2. Dismiss gooferment public education; 3. Stop the various wars — foreign and domestic; 4. Repatriate the troops home; 5. End the drug war; pardon all non-violent drug offenders; 6. Downsize ALL gooferments; 7. Eliminate all taxes but tariffs and excise.

And, we’ll be back on track in no time.

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