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Justification for higher yields in REITs as compared to treasuries ranges from further appreciation expected from REITs to the emergence of an inverted yield curve, forcing Treasury yields lower in the months and years ahead.
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"The reversal which started about two weeks ago still leaves, I believe, some potential for further appreciation," Mr. Duisenberg said.
But now the rationale for further appreciation is hard to swallow, even for these terrific companies.
He sees the potential for further appreciation of the euro and a weakening of the yen, hurting Japanese exports.
As well as benefiting from any further appreciation in Facebook's value, the bank plans to suck up fees for managing the new fund.
Commodity stocks have been left languishing once again as although we've only seen a muted reaction from the dollar so far, further appreciation for the greenback would serve to depress global demand for resources.
In doing so, any further appreciation will be excluded from his estate.
But that does not rule out further appreciation.
Most forecasters assume a further appreciation against the dollar.
Currency appreciation, for example, might prompt speculators to put even more money into China as a bet on further appreciation.
But analysts almost uniformly say they expect further appreciation over the next year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com