Commenters here are of more value than blatherers elsewhere. So, since we had a lot comments here, we didn’t waste much time elsewhere. We don’t know what new is going on, but we have excellent analysis of what recently happened.
Thank you for your thoughts. You’re great.
I couldn’t make it past the 4th paragraph….
“Obama has always managed to win over Americans with big words. He used big words to raise expectations and establish a mood of change in the 2008 presidential election campaign, when he inspired the country with his slogan “Yes, we can.””
Them’s some big words I reckon folks.
Ha ha! 2.7 letters per word. Good catch.
Somebody’s built himself a tribe.
A herd of individuals. Fear us!
” A stampede by investors into Treasurys helped the U.S. government borrow at record low rates for the second day straight.”
Going to quote myself:
The way I’ve put it is: if you have to bet on who defaults the least, who wins? Which is easy, of course, who, honestly, has the most money every year; even in bad years?
That’s, of course, horrible news if you’re not the US and trying to issue government debt…
Hmm. Good point. It must be frustrating to see how much our government sucks, and still not be able to compete.
And sadly, there is nothing to be gained by shorting (long term) treasuries because if things go your way in that respect, the money you gain will be worthless.
It’s kind of like betting that the world will end, there are no winners if you win.
A serious fall in treasuries means the end of the current system, so you might as well bet everything you have in this system on treasuries. Unless you go the guns, food, and gold route; which is also pretty popular.
Yes. I keep meaning to pull the trigger on a s**t-load of long-lived supplies. What prevents it isn’t a reasoned argument against, but apathy.
And the fact you’ll be added to a terrorist watch list.
In a sane world, he’d be impeached.
Sir, I dispute that in a sane world he’d have ever been in a position to be impeached.
Apart from that, yes.