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Barry Ritholtz

A 50-Year U.S. Bond Makes More Sense Than Ever

Issue debt that takes advantage of near-record low rates while financing the country's long-term obligations.
When rot sets in.

When rot sets in.

Photographer: Mandel ngan/afp/getty images

Let’s imagine a nation with the following characteristics:

Don’t leap to the conclusion that the nation is the U.S.; if it were, I would have had to add a bullet point describing it as having a dysfunctional government paralyzed by partisanship.