I would recommend against buying long-term fixed-dollar investments. If you ask me if the U.S. dollar is going to hold its purchasing power fully at the level of 2011, 5 years, 10 years or 20 years from now, I would tell you it will not. I would much rather own businesses. It’s very easy to take away the value of fixed-dollar investments.
~ Warren Buffett, in New Dehli, 3/25/2011
Buffet's right. Except for the crazies in the world and mother nature shocking us recently, 30 year Treasury yield would be at least 50 basis points higher.ReplyDelete
The imploding dollar is sending a message.