Latest / Winning With Winans! / France's Bond Crisis: Is Your “Safe” Investment Actually at Risk?
Transcript
- speaker-0: Let's talk about the other big one: foreign bonds. I have heard so many times about. you have to own foreign bonds. The yields are better than American bonds. America's going to go off a cliff. You need to have money in other parts of the world. you know what? I will gladly have anybody come on the show. I've been managing money a very long time. I believe you can trade other markets in foreign parts of the world. But as far as an American who lives in dollars, we're still the biggest part of the world economy. For you to think you have to go chase a few percent and yield somewhere else to take all the risk in that. Well, guess what? That parrot has come home to roost too, or it called France. Fr yes, I said it, France. France is having a bond crisis. There was a report that came out this morning that according to Market Watch, it's the worst crisis that France has had in debt since the reign of Napoleon back in the early 1800s. Folks, there is no free lunch, and people who bought these horn bonds. are probably paying a dear price for it.