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Haha. Yeah? And Buffet lost his AAA bond rating last month. Oops. So much for that being a problem:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMPmZMzZ.V30
The 10-year is yielding 3.66% which is the same as way back in the good ol’ days of 2008.
http://www.bloomberg.com/apps/quote?ticker=USGG10YR%3AIND
Auctions are strong for short and long treasuries. I notice you didn’t mention anything about the yield on Japanese treasuries. As for the Germans, the bund is the primary beneficiary of a flight to quality from the greek crisis. Same goes for U.S. treasuries during our crisis. Same exact thing. You can’t look at these things in a political vacuum.
“…companies don’t seem to be borrowing as much anymore. Huh, why do you suppose that is?”
They don’t have any customers. If they really feared future inflation, they would spend money now. They don’t. They fear deflation and they should. Especially once Uncle Sam’s stimulus will begin fading out later this year.
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