Cheney invests based on the failures and misfortunes of the United States.

[onehandle]

Cheney is betting against America. More proof that Republicans want chaos and inflation on the back of the middle class.

How nice.
_____________________

Cheneys betting on bad news?

Vice President Dick Cheney's financial advisers are apparently betting on a rise in inflation and interest rates and on a decline in the value of the dollar against foreign currencies. That's the conclusion we draw after scouring the financial disclosure form released by Cheney recently.

As of the end of last year, Cheney and his wife, Lynne, held between $10 million and $25 million in Vanguard Short-Term Tax-Exempt fund (VWSTX, news, msgs) (it's impossible to be more precise because the disclosure form lists holdings within ranges). The fund's holdings of tax-free municipal bonds mature, on average, in a little more than a year -- meaning that the fund should hold up well if rates rise.

snip...

The Cheneys also had between $10 million and $25 million in American Century International Bond (BEGBX, news, msgs). The fund buys mainly high-quality foreign bonds (predominantly in Europe) and rarely hedges against possible increases in the value of the dollar. Indeed, its prospectus limits dollar exposure to 25% of assets and the fund currently has only 6% of assets in dollars, according to an American Century spokesman.

http://articles.moneycentral.msn.com/Investing/Extra/CheneysBettingonBadNews.aspx

[redqueen]

1. Intentional mismanagement, that's exactly what it is.

As long as he and his cronies are raking in the profits for our country's misfortunes, he and his ilk (and his brain-dead supporters) couldn't care less.

[mnhtnbb]

2. Never thought I'd defend Cheney...

He is retirement age. Although I doubt when he goes to his "just reward" he'll pull a Buffett, I imagine he's concerned about protecting his capital for his heirs. To that end
he's bound to be less invested in equities than instruments that have less risk.

So, I am not surprised at where his cash is stashed. I am not surprised he's taking advantage of rising interest rates--look at the Fed's action for the last 18 months.
I'm not surprised he's invested in euros--look at the charts comparing the sinking dollar to other currencies. Listen to the buzz that OPEC may consider changing the price/barrel of crude from dollars to euros. All the info on which he's based his investments is readily available to anyone following the markets.

That said, I am in agreement that the economy isn't as great as Wall Street would have you believe. But, as the saying goes, "Watch what they do, not what they say." And in all cases, follow the money.

When the economic $hit hits the fan, maybe then the people in this country will hit the streets. Isn't it nice to see that our liberal neighbors to the south understand fraudulent elections and are willing to take to the streets immediately? Where were our 100,000+
demonstrators after 2000 and 2004? Watching football, shopping, and worrying about gay marriage?

[enid602]

3. funds

When Cheney and his puppet won their reelection campaign, I decided to ´Bush-proof´my portfolio, and ended up investing in the same funds (among others) as Cheney. Ironic.