The Bond Market Is Not a Good Investment

The Federal Reserve Board is telling you we want 2% of your inflation and the very long bond is not much more than 3%. In my whole lifetime, it's only happened once that interest rates went down so low and stayed low for a long time. It was quite unfair to a lot of people and it benefited the people in this room enormously because it drove asset prices up including the price of our travel stock. So we're all a bunch of undeserving people and I hope that we can tell you to be so.