Bond bubble bust. “Ben’s debt binge to detonate retirement funds.” If you’re near retirement or retired already, beware the bond market. Interest rates would not have to go up very much to squash bond prices and your principal with it. Just another hazard courtesy of Helicopter Ben and his Keynesian stimulus baloney.
View Comments (5)
I don't know how people don't see this. I don't know how they can see their cost of living skyrocket over the last four years and not realize that their dollars are dropping in value like boulders being hurled off the empire state building. How can people be so ignorant of their own personal finances?
They're just waiting for their Obama money!
Yeah, this is the other shoe I'm waiting for the Obama administration to drop...soon.
I can see the admin "bailing out" the bond market by buying them up after they crash, and settling with the investors for pennies on the dollar, then holding the bonds until they recover, and taking the profits.
If you're within 5 years of retirement, or already retired, and have your money in anything but CDs, or other interest bearing accounts, your financial planner is screwing you!
You shouldn't have money invested in anything risky at this point.