No. of Recommendations: 14
Off to plain old short-term Treasuries I went (yes, we’ve bought our I-Bonds for the year)
Anyone want to convince me that this was unreasonable paranoia?
–sutton
Maybe not sufficiently paranoid? How safe are treasuries in the current environment? Trump was recently quoted saying:
“We’re even looking at Treasuries. There could be a problem … It could be that a lot of those things don’t count. In other words, that some of that stuff that we’re finding is very fraudulent, therefore maybe we have less debt than we thought.”
Add to that a fiscal and tax policy that is likely to balloon the deficit and you have a recipe for default, or at least the reasonable fear of default.
In this environment I’m wondering if foreign government bonds shouldn’t be part of a conservative portfolio?
