A little history

来源: 天下无马 于 2010-06-08 12:22:03 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (600 bytes)
本帖于 2010-06-08 14:56:14 时间, 由普通用户 laoyangdelp 编辑

What makes Great Depression so great was not stock market crash, it was 1931 Sovereign Debt default that wiped out all who thought they were smart to escape the stock crash, they lost every thing in bond. (Sounds familiar today??)
Eventually British defaulted on their bond, the hot money rushed in the US went out just as quick. FDR devalued the USD....

Debt to stock ratio is 10:1 now. Whoever may escape the stock market decline better watch out their bond holdings. :)

Stock crash may recover (in worth less) currency, bond default will be gone forever, 401k, IRA, etc., etc. ...

所有跟帖： 

• If US bond crashes, so does the dollar, right? -Aquila- ♂ 给 Aquila 发送悄悄话 (0 bytes) () 06/08/2010 postreply 13:01:39

• US AAA+的BOND不会有6%的利息的 -hetero- ♂ 给 hetero 发送悄悄话 (0 bytes) () 06/08/2010 postreply 14:03:52

• PIMCO Municipal Income (PMX) -Aquila- ♂ 给 Aquila 发送悄悄话 (0 bytes) () 06/08/2010 postreply 14:06:05

• 你来看看--还没有+的 -hetero- ♂ 给 hetero 发送悄悄话 (51 bytes) () 06/08/2010 postreply 14:27:20

• absolutely. there will be one day US long bonds have no buyer. -天下无马- ♂ 给 天下无马 发送悄悄话 天下无马 的博客首页 (79 bytes) () 06/08/2010 postreply 20:12:25

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