The Brothers Austrian » dollar denominated http://www.brothersaustrian.com An economics blog in the Austrian tradition, written by two brothers, one teacher and one bond trader Sun, 24 Apr 2011 13:49:23 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 This ones for you Teacherman… http://www.brothersaustrian.com/this-ones-for-you-teacherman/ http://www.brothersaustrian.com/this-ones-for-you-teacherman/#comments Wed, 03 Jun 2009 15:46:10 +0000 MisesBeliever http://www.brothersaustrian.com/?p=240 Pimco’s Gross rightly points out the bond investors should diversify their out of the dollar denominated bonds. I certainly do not disagree to an extent. I see no reason why the standard retail investor should hold a 10% allocation in something like EMB, IGOV, or ISHG. However part me wants to say that I don’t trust the governments of other nations just as much as I don’t trust the U.S. government.  Controlling spending and subsequent deficits is not something any government has ever really been able to do. It’s really just a question of investing in the most productive nation.

Productivity, what a novel thought.

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