Time to pay the piper

Florida is firing 1,300 workers. New York is cutting education funding and freezing public employee wages for three years. Arizona is slashing Medicaid coverage. And municipal bondholders are having their best year since President George H.W. Bush was in the White House. (Bloomberg)

The politicians gave us too much as in Greece, Portugal, Spain, Ireland, Italy, Belgium, ...

We forgot we have to pay the bondholders. They are dictating how to play the game. Cuts are made everywhere in the world because they want to be paid.

Does this mean it pays to invest in bonds and be a bondholder? In the last 10 years it seems that this strategy would have provided very attractive returns. How?

This question will be answered in the next issue of The Peter Dag Portfolio. Why not subscribe now by going to www.peterdag.com.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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