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Quote of the day

There will never again be a day exactly like today. There will never again be a moment exactly like this moment. After my next birthday, I will never again be the age I am right now. After midnight tonight, today will be part of history. Someday I'll be dying and I'll wish I'd done all the things I want to do now. Someday I'll be dead and I won't be able to do anything. But today, right now, I'm alive. And yet I'm writing nonsense on the back of my literature book. But I'm alive. And yet I'm just sitting here. But I'm alive.

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Gary Shilling

Treasurys, as low as yields are, are higher than they are in most other developed countries. A foreign investor picks up a yield spread in Treasurys versus their own sovereigns, plus the fact that if the dollar is going to continue rallying - and I think it will because it's a safe haven - then they get a currency translation gain as well.

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