Totally agreed with you… To be honest I am prety suprised the yield is as low as 4.9… I would assume big Ben is none to happy about that… Like I said though, I just wonder if it is an early sign that maybe some think the upcoming recession will be a bit harsher then we all believe…
I am just wondering, if the bond market stays strong and then there is a recession, and energy prices stay high, and unemployment ramps up that will put old Ben in a real pickle…If the topper is that inflation doesn’t abate what steps will, or can, Ben take? Aye caramba…. Wouldn’t that be a trip… The 10 year down at 4.25 or 4.5 and the prime a half point above it! I guess not… Ben would HAVE to drop the prime… I am not to savy on stuff like that so I am not sure what the proper actions are for him to take.
Anyways yeah I hear the same thing about PATs…..I asked my CPA and the attorney for our trust about them and the answers I got were all pretty vague… I asked Powayseller about them to, so if anyone can find out about them I am hoping she can.
My wife and I actually have used Rick Plum for some work and are currently working with Rob Butterfield as well so I am very familiar with Ray’s show. I asked him about it one time when we saw him speak at the Marriot in La Jolla but he didn’t really give me an answer.
