There are different tier of credibility too. #1 currency; #2 bonds, #3 equity. If I long gold, basically I am hedge currency. If I don't trust paper money, will I trust bonds, stocks? US stocks market is not in crazy stage yet ( It was in April), but bond market is alreay way way overbought by FED.
There are different tier of credibility too. #1 currency; #2 bonds, #3 equity. If I ...
colderdown 发表于 2010-10-8 16:21
Cannot agree. I strongly believe (this actually does not matter) that the primary purpose of QE2 is to flattern the yield curve - I don't expect the short-term yield will increase, then, the only result will be decrease of the long-term yield - To bail out the housing market, once for all.