Wealthy Americans more bullish, but holding bonds

[robbedvoter]

Wealthy Americans more bullish, but holding bonds
Mon July 28, 2003 04:42 PM ET
By Jonathan Stempel
http://reuters.com/financeNewsArticle.jhtml?type=economicNews&storyID=3173381
NEW YORK, July 28 (Reuters) - Wealthy Americans are growing more bullish about the U.S.
economy, but a majority won't sell bonds even if they lose value when interest rates rise, studies
released on Monday show.

The surveys, conducted for Banc of America Investment Services Inc. BAC.N and KeyCorp's KEY.N
McDonald Financial Group show that some of the near-rich might not be ready for rising bond
yields -- and falling prices -- that often accompany an improving economy. More

So, uh, I guess they decided not to create any new jobs after all. What will W say to them black people now?

[twilight]

1. I'm not weathy

but, I sold all my bonds about a month ago. Since this time, they have lost quite a chunk of $.

Glad to be rid of them.

:kick:

[robbedvoter]

2. Point is: they won't invest. WSJ had a poll too saying

that the rich feel richer (since the tax cut) but over 74% WON"T INVEST THEIR NEW RICHES - the whole premise of the tax cut/job creation BS

[pyro1392]

4. Bonds are a form of investment

since at least corporate bonds are issued by companies that then invest the proceeds in something.

[Nottingham]

3. After the Corruption of Enron! Would you put money in this Market

:crazy: NO WAY! not while Bush is in office

[DemoTex]

5. The wealthy will hoard.

They are too afraid of a Bu$h meltdown. None of them are comfortable with this asshole either. They are on a looting spree. Grab the TVs and liquor before the cops show. This regime is so ephemeral that it is a joke that the press doesn't get it. Or won't. Or can't.