derty3
03.05.07, 05:20
www.kiplinger.com/features/archives/2006/05/president.html
Vice President 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 this week.
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 (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