Contrarian Alert: Everybody Hates Treasuries - Up and Down Wall Street Daily - R. Forsyth - Barrons.com:
"Ah, the drama of it all.
Producers get to keep less; non-producers - they get insulated from variability.
It's hard to see how, with less going to producers and shoppers funded on credit, the underpinnings of a resurrected economy are there?
If the old rubric of people remembering the past more than they think about the future, then everyone assumes the economy will recover and fails to consider that less to producers and heavy borrowing to fund non-producer buying may, in fact, be a false feeling of well-being.
Who knows? Maybe you'll be glad to work hard to pay for some public employee or UAW member retiring at age 50 while you're struggling to buy groceries at age 70? Anything is possible."
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