A lot of them (retirees) are buying longer-term U.S. Treasuries, you know, maybe 30 years to get extra yield. In so doing, they’re taking enormous risks. In fact, many of the funds that are out there are actually levering up longer-term debt. That’s incredible risk. Other people are buying overpriced stocks. - in Beacon Equity
Related, iShares Barclays 20+ Yr Treasury Bond ETF (TLT), ProShares UltraShort 20+ Year Treasuries ETF (TBT)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.