I think my occasional posts about increasingly dire economic news have been making some of you wonder about what exactly is coming next
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I assume you mean: Unemployment is likely to rise TO over 6%, rather than unemployment is likely to rise BY over 6%. A little preposition would help there.... without one, its not clear which you mean. The latter would be really scary.
If stock indices are going to fall as you say, what might a good investment be? I noticed that my bank is not offering ANY longer term CDs online (nothing over 4 months). I had one at nearly 5% that renewed at 3.25% while I wasn't looking. I wasn't too happy about that rate, but I'm more miffed that they don't even list them any more. What's up with that?
Are bond funds good investments or is everything going to go down the toilet? I switched out of my "index" a while ago already into something that is "over 80% inflation indexed bonds".... I just didn't like any of the other options.
Are bond funds good investments or is everything going to go down the toilet? I honestly don't know. A lot depends on whether this is a typical recession, or an end-run for Great Depression II. (Note that the welfare net has to collapse for Great Depression II to actually happen; this includes Social Security and OASDI. Thus, end-run.)
As all of the high-yield closed-end ETFs I track have the taint of either capital return or mortgage-backed CDO/SIV, I would say those are quite unsafe.
[Currently, I'm ignoring any closed-end ETF that doesn't have at least 13% simple annualized yield. My standard for true stocks is a bit lower. The one I actually have a position in, I'm hoping it won't default because the 8-Q announcing mortgage-backed problems was in August.]
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If stock indices are going to fall as you say, what might a good investment be? I noticed that my bank is not offering ANY longer term CDs online (nothing over 4 months). I had one at nearly 5% that renewed at 3.25% while I wasn't looking. I wasn't too happy about that rate, but I'm more miffed that they don't even list them any more. What's up with that?
Are bond funds good investments or is everything going to go down the toilet? I switched out of my "index" a while ago already into something that is "over 80% inflation indexed bonds".... I just didn't like any of the other options.
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I honestly don't know. A lot depends on whether this is a typical recession, or an end-run for Great Depression II. (Note that the welfare net has to collapse for Great Depression II to actually happen; this includes Social Security and OASDI. Thus, end-run.)
As all of the high-yield closed-end ETFs I track have the taint of either capital return or mortgage-backed CDO/SIV, I would say those are quite unsafe.
[Currently, I'm ignoring any closed-end ETF that doesn't have at least 13% simple annualized yield. My standard for true stocks is a bit lower. The one I actually have a position in, I'm hoping it won't default because the 8-Q announcing mortgage-backed problems was in August.]
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