Opinion on  UltraShort Lehman 20+ Year Treasury ProShares (TBT)
US Government bonds are the worst investment for the next decade

US Government bonds will be destroyed going forward.

Reasons
1.Unwise fiscal policy has resulted in unprecedented money supply growth.This was the root cause for the massive bull market in all assets.But now the cycle has turned and we are going to see unwinding of the bubble in all asset classes.Increase in money supply has resulted in inflation which will continue to increase growing forward since nothing meaningful has been done so far.The central banks have been adding fuel to the fire by pouring in more liquidity when increased money supply was the cause of the malaise.At some point inflation will be difficult to ignore and interest rates will have to be increased.Rising interest rates will cause bonds to tank.

2.At some point there will be dumping of US treasuries by foreign governments and that will be disastrous for bonds.

It is to be noted that there is a chance of pain when there is the herd like "flight to safety" when equities collapse and fund managers automatically shift to US Treasuries and the dollar.Do not panic.Hold or ideally accumulate at lower levels.Why not wait till then?I am lousy at timing market timing and have difficulty counting beyond my fingers so technical analysis is beyond me.I think I am good at strategy so I am sticking to that.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/0...