Investors buy U.S. debt at zero yield - International Herald Tribune
BO doesn't like his middle initial (H for Hussein), and apparently he doesn't like the "B" much either, so he tends to put up the big "O", usually with some rainbows, red-white and blue, or other coloration.
Anybody notice how much 0 and O look alike?
Apparently world investors do and their vote on BO is ZERO!!! As in ZERO % interest on short term T-Bills. The last time we got to that level it had taken FDR a full two terms of screw-up government to get to 38-40 when T-Bills drew NOTHING!!!
In Tuesdays Fed Auction, 4 times as many folks wanted the $30Billion at auction, so the yield fell to zero. This is "government as a mattress". It says that going forward from here the assumption is that EVERYTHING is going to LOSE MONEY, so I may as well bury my money in a coffee can in the back yard--or just have Uncle watch it for me and get NOTHING in return.
If one was inclined to panic, it appears that now would be an excellent time.
..... We interrupt this broadcast to suggest mass panic. Everyone should immediately jump up, run screaming or take another ridiculous action as quickly as possible. Potentially we could try to impeach BO and vote in an even less experienced and unknown empty suit from an even more corrupt state than Illinios ....hmm, on second thought, I'm not sure we could find that, so maybe we really do have the man for the times.
The age of "B Zero"???
BO doesn't like his middle initial (H for Hussein), and apparently he doesn't like the "B" much either, so he tends to put up the big "O", usually with some rainbows, red-white and blue, or other coloration.
Anybody notice how much 0 and O look alike?
Apparently world investors do and their vote on BO is ZERO!!! As in ZERO % interest on short term T-Bills. The last time we got to that level it had taken FDR a full two terms of screw-up government to get to 38-40 when T-Bills drew NOTHING!!!
In Tuesdays Fed Auction, 4 times as many folks wanted the $30Billion at auction, so the yield fell to zero. This is "government as a mattress". It says that going forward from here the assumption is that EVERYTHING is going to LOSE MONEY, so I may as well bury my money in a coffee can in the back yard--or just have Uncle watch it for me and get NOTHING in return.
If one was inclined to panic, it appears that now would be an excellent time.
..... We interrupt this broadcast to suggest mass panic. Everyone should immediately jump up, run screaming or take another ridiculous action as quickly as possible. Potentially we could try to impeach BO and vote in an even less experienced and unknown empty suit from an even more corrupt state than Illinios ....hmm, on second thought, I'm not sure we could find that, so maybe we really do have the man for the times.
The age of "B Zero"???
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