Howard Rakoff's Bonds Aren't a Good Idea

Pacific mutual buys bonds because they have a lot of money from all the insurance payments that they're collecting. So while bill gross is at pacific mutual clipping coupons and being bored, howard rakof has gotten this like b in his bonnet about bond trading. He likened it to driving on the free way: "If i stay on this one lean, if i just don't move, this is like buying a bond and holding it" And that's price appreciation. This is trading bonds.