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Pictures recently came in of Congress discussing monumental legislation in the chambers:
August 31, 2023
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Pucklore
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← Ian Lyngen of BMO says the 10-year Treasury is a “screaming buy,” and its yield will be around 3% the first half of 2024 getting to 3.5% – 3.75% by the end of this year.
T-Bills get 5.5%. Cap rates on decent Midwest homes are a conservative 9%, but there is actual work to do, and it dries up your liquidity if there is indeed a major shock like 2008. →
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