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So, who more thinks treasuries are overvalued? The world is full of great companies which won't go bust, with much better paying corporate debt.

Sure, liquidity might be bad, but if you are going to hold the bond to maturity that doesn't matter.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Mon Oct 6th, 2008 at 08:17:53 AM EST
[ Parent ]
I think you're right about that.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Mon Oct 6th, 2008 at 08:46:12 AM EST
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