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Boomers, Bonds, and Morgages

Posted by Jäger on 2004-09-24 09:18:41

World-readable

Our loan guy said something I haven't heard before, but it makes sense. After loosing their shirts in the stock market when the bubble burst*, soon-to-retire baby boomers are likely to buy safer bonds. More demand for bonds means lower yield; lower bond yield means lower interest rates for morgages.

[* "They didn't listen to their financial advisors," our loan guy told us bitterly. ]


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Offer (2004-09-23 20:55:20)
If they want reality, they should stick cameras to our heads as we wander
aimlessly around town.
- Bitscape, 29 July 2001