NYT Finally Admits 'Gender Affirming Care' Is Dangerous
According to Joe Biden, Americans Are All Just a Bunch of Idiots
Biden Admin Considering Taking Trump-Era Measures to Combat Border Crisis
There Are Supposedly 20 Solid Votes Opposing Kevin McCarthy for Speaker
Border Residents and Law Enforcement Brace for When Title 42 Goes Away
Fact Check: White House's Misleading Claim Biden Has Been to the Southern Border
Don Lemon Loses His Juice, Max Boot Turns Pro-Commie, and Chris Hayes Cries...
Boring, Babbling, Insufferable Joe Biden
The Only Question That Matters Now Regarding Trump's Tax Returns
So, the Secret Service's Rental Vehicles Went Up in Flames in Nantucket
Will Ron DeSantis Run in 2024? His Latest Move May Suggest So
‘House of Horrors’: Man Charged With Decapitation of Woman Inside Philly Home
Musk Confirms: Yes, Twitter Has Interfered in Elections
New Study Has Some Bad News for Wind Energy Advocates
John Kirby Confronted Over China Taking Advantage of Disastrous Afghanistan Withdrawal

Invest Like Pirate

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

One of the most popular movie series of all-time has been Disney’s Pirates of the Caribbean starring Johnny Depp. 

Fraught with action, adventure, and danger, these same words can also be used to describe the U.S. Treasury market. 

In fact, the similarities are almost chilling.  If you’re sailing on the high seas and a storm was imminent, more than likely you would head for the nearest port. 

Trying to ride out the storm would probably bring death and destruction, and anything would be better than that. 

However, if the port within reach was occupied by Johnny Depp and his collection of thugs and cutthroats, you might think twice, but at least you would stand a chance.   

Investment giants like Bill Gross, Warren Buffett, Peter Schiff, and many others have been warning against treasuries for quite some time. 

The devaluation of currencies, impending hyper-inflation, the lack of confidence, and escalating debt make treasuries a loser.  Or so they say.  So who was I to contradict these legends? 

However, I’ve done a bit of sailing in my time, and I’ve certainly seen a lot of movies. 

So it just made sense to me to choose the lesser of two evils.  Since 3.6% on the 10-year Treasury, I’ve pounded the table on buying them. 

As we grab a 2-handle, and I believe a 1-handle to come, buyers are responding as I thought they would. 

Manufacturing continues to plummet, housing prices are collapsing, and unemployment is steadily rising, not to mention escalating oil and food costs coupled with global turmoil. 

As a result, concern will turn to worry, which will turn to fear, and then to panic.  Somewhere along that path, the evils of the treasury market will not seem so bad when compared to the other alternatives. 

So remember, just as Johnny Depp and his henchmen don’t look so treacherous when a killer storm is rapidly approaching, neither do U.S. Treasuries when a killer economy is rapidly rolling our way.

Whether a movie or real life, “any port in a storm” seems to be as true today as it ever was.    


See Also These Top Stories

Boneheaded Stimulus Never Works: Larry Kudlow
Obama's Nuclear Option on Economy: John Ransom
Peek Behind the Housing Curtain: Kathy Fettke
Invest Like Pirate: Bill Tatro
Chu Pimps Your Budget at the Pump: Bob Beauprez
The New America Movement: John Ransom
Dave Says Live Below Your Means: Dave Ramsey
China Flunks 4 out of 5 Currency Tests: Mike Shedlock
A Securities Law Primer For Startups: Cliff Ennico
Dems: Greed is Good as a Tax Credit: John Ransom
See The Ticker for daily commentary on money and markets.

Join John Ransom on Facebook and follow him @Twitter 

Email: thfinance@mail.com

Join the conversation as a VIP Member


Trending on Townhall Video