India is even more interesting because there are a lot of educated people, but still very low living costs. Early America is the last time there's been a combination like that.
India is even more interesting because there are a lot of educated people, but still very low living costs. Early America is the last time there's been a combination like that.
http://www.bloomberg.com/markets/rates/japan.html
2.2 percent on a 30 year bond, which means that the maximum upside on the principal is roughly 20 percent. So, a 10K investment could theoretically rise to 12K if the 30 year yield drops to 0, which it won't. If it rises to something sensible, like 6 or 8 percent, you take a bath.
People seem to think of bonds like they do savings accounts, but they aren't. There's a huge principal risk. And government debt always seems "off" to me. For instance, Japanese debt is largely held by the Japanese themselves, for patriotic reasons sometimes. This distorts the market.
http://blogs.reuters.com/japan/2009/11/14/japans-bulging-deb...
It's credit rating is ranked lower than Botswana:
http://www.independent.co.uk/news/business/news/japan-falls-...