I have to admit I’ve slept better since I took your advice. :)[/quote]
Very kind of you to say that, KSMountain — especially since cash is effectively offering such a non-existant/negative return. 🙂
It will be interesting to see how they handle the public finance issues. It’s really wobbly right now, and I’m surprised it’s not really talked about as much as it should be (IMHO). Not to beat the drum too much, but I really think the public sector will lead the next leg down. The states and municipalities are beginning to enact some of their own “austerity measures” right now. We’ll see how things pan out.
Yes, I hear you on the very painful returns on cash. Like Arraya pointed out, it is all about decimating the savers right now. Who knows how long it can go on?
If the states/municipalities start wobbling (and I’m quite certain they will at some point — they already are, in many cases), it’s entirely likely they’ll be bailed out, too. Still, I’ve been trying to stay away from municipal bonds because there is a significant amount of risk there, IMHO.
