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Mike Shedlock

Mike Shedlock

Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.

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8 Comments So Far
adrianvance Wrote: Jan 11, 2013 11:59 PM
Curves that rise have a bad habit of falling.

Come see us at The Two Minute Conservative, http://tinyurl.com/7jgh7wv and when you speak ladies will swoon and liberal gentlemen will weep.
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MoreFreedom Wrote: Jan 11, 2013 10:26 AM
I believe Mish is saying that yields for treasuries are greater than for munis, and "given no relistic default on treasuries" where there is risk of muni-bond defaults, he fears that muni yields will increase resulting in lower bond values and losses for bond holders. Part of the reason may be the tax free interest for munis, and another may be that there is a possibility of default on treasuries (perhaps by inflating the currency). Seems to me that perhaps better than cash is gold which insures against inflation and defaults by governments.
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Texas Chris Wrote: Jan 14, 2013 11:21 AM
Gold, silver, and foreign stock, yes. Kind of like Pete Schiff over at Euro-Pacific Capital offers, but Mish like to do nasty hatchet jobs on...
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rgarrett Wrote: Jan 11, 2013 9:37 AM
Muni bubble pop; what flavors does it come in?
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Hawker 1 Wrote: Jan 11, 2013 7:47 AM
I still have about half of my savings in munies that are 4 to 5 percent tax free. Only one was called . Even if they are all called I am , as of now doing well by keeping them , not going to just stay in cash. Staying in cash would be going backwards with inflation. The offical inflation rate stated by ben and gov . is a lie. I know when a gallon of milk goes up and the rise in fuel over the last 4 years cannot be anything but inflation . I don't care what obama and company says and they don't include food and fuel in their inflation claims. Seems like a lot of Citizens are fooled by gov. not I . I don't have any answers for what to do except vote all the mothers out starting with the Socialist would be a good start.
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TheTruther Wrote: Jan 11, 2013 9:02 AM
yeah, baby!!!...Right behind you.
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Texas Chris Wrote: Jan 14, 2013 11:23 AM
It would seem that, if you're not getting 11-15%, then you're losing money in munis. True, official inflation is a lie. It's more like 15%, maybe even 17%.

Only gold and silver would have protected your value through that kind of money-printing.
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