TREASURIES — the very name conveys a thing that is secure,
protected, and will appreciate over time. Otherwise, it’d be
called something like “TRASHeries” or “Mattress
Stuffers.” Then, there’s the official seal of the US Department
of Treasury: its image of a scale and a key symbolize “balance” and “trust.”
This
article was syndicated by Elliott Wave International and
was originally published under the headline Long-Term Bonds: The Best Possible Investment? Think Again.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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