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> there is a risk free alternative to stocks

Really? 2.5% bonds in a 7% inflation environment is an attractive bargain?

This part didn’t compute:

> Bonds will be wrecked […] because it's actually a really good deal to buy bonds when they yield north of 10% (if we get there).



bonds aren't currently yielding north of 10%. If they are currently at 2.5% (using your number, not to pick on you, but it is what I have at hand), then move to a 10% yield, the people who bought at 2.5% get a haircut.


Got it, thanks!





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