tag:blogger.com,1999:blog-7366878066073177705.post4342014980579032325..comments2024-02-09T18:16:45.614+00:00Comments on The Psy-Fi Blog: Looking for a Demographic Dividendtimarrhttp://www.blogger.com/profile/06254802085744425067noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7366878066073177705.post-69127617862576406002010-06-10T17:29:20.765+01:002010-06-10T17:29:20.765+01:00You ignore the most obvious conclusion, which is t...You ignore the most obvious conclusion, which is to buy Treasuries.<br /><br />10Y yields in Japan have been 1.3% for a decade, which makes US 10 years at 3.3% a bargain by comparison.<br /><br />U.S. households and institutions own almost no long duration government bonds. In an income starved world, a meaningful allocation out of equity risk premium assets into bonds can drive yields much lower than any of the current msinformed bond bears can imagine.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-51071032824302182112010-06-09T17:15:36.099+01:002010-06-09T17:15:36.099+01:00Meanwhile from its peak in 1989 through to its nad...<i>Meanwhile from its peak in 1989 through to its nadir twenty years later the Nikkei fell an awe-inspiring 82%. That’s one hell of a nosebleed.</i><br /><br />Yes.<br /><br />But they're still kicking.<br /><br />That part gives me hope. Humans can take an 80 percent loss and still keep at it. That's the other side of the story.<br /><br />RobRob Bennetthttp://arichlife.passionsaving.comnoreply@blogger.com