- advertisements -
That used to be a lot of money.
Oh Goodie...just in time for gold/silver Options Expiry at the CRIMEX.....
"I am the United States of America. I can bleed for days weeks months years an indeterminate period and not die."
Try the new and improved o.b. (original banksta) tampons!! They come in 4 different aborbencies to meet your needs on any day of the global period!
A rolling debt gathers no mas.
What's the over under on bid to cover?
10 year Treasury yields were 4% April 1st and have dropped to 2.96% this morning. Thats a 25% appreciation in 4 months (near 100% annualized) on 10 year Treasuries compared to zip on equities. Another bubble???
Its all a joke.
Kite that debt, baby!
Nothing new under the sun.
No big deal. $102 bil is only about $927 per taxpayer. We're good for it.
$200 bil per month/ ~110 million taxpayers = $1818 per taxpayer per month. We got that easy.
Rating agencies should have no problem rating U.S. debt. We're totally good for it.
But with equities magically doing so well who will want to buy bonds?
Oh yeah...the guys selling equities on Monday...forgot...
I'm no expert or trader but doesn't it seem like the equities are about to go in the toilet? Seems like they are on a coke binge on Wall Street. I don't do drugs either but I know what happens after people binge. Anyways, last time I got this feeling it happened.
Yep get ready for a pullback.
"Feel the power!" Sang BS as he sprinted on the stage. "The almighty power!" Timmah was on the organ upstairs playing like Jeryy Lee Louis. "The printer will heal all strife! Fear not by the almighty printer!" "Hallelujah!" Sang a choir filled with economists, bankers, and politicians.
BS stood at the front and center of the stage. "Who will be first?" He said as he waved silence. Baknee Fwank stood up. "Bibbidy boop. Babbioidy Beep!" BS grabbed him by the scull and looking over his audience screamed, "Come see the light. Now everybody, come see the light!" The crowd erupted in tongues, and the sinners flailed about.
Praise Jesus & pass the ammunition
...a Hell'elujah to that.
Whats a few billion between friends?
Possibly best title of a post EVER!
Thx - had to read it again.
Its all ok. The biggest buyer, err sucker is now considering cutting his exposure. Its just a matter of time............................................Bennie Boys Balls probably look like raisins after reading this.
On a side note the first salvos of the financial war has begun.
Anybody see this yesterday? Warning, you may become ill.
Smoking Guns of USTreasury Monetization
Just read it on MarketOracle - http://www.marketoracle.co.uk/Article21285.html
It's really amazing that one broke government can buy another broke government's debt and it's all considered normal...
Why does this even matter?
Our esteemed Chairman of The Federal Reserve testified to Congress this morning that deficits, in the short-term, are uncontrollable and, therefore, not of consequence.
He mentioned its the medium to long-term that we need to be concerned with.
Yep, his exact words yesterday when asked about the debt, he said " The current debt is unsustainable" in his remarks to Dodd. If the current debt is unsustainable, then I hate to see what future debt looks like. I guess Moody's, S&P, Fitch will never have the balls to downgrade US debt as it should be. The day it happens, I will shoot myself. That is how confident I am we will never see it happen.
Perhaps, in the honesty of his conscience (if he has one), Benny knows that it's almost over...the end of The Great Keynesian Experiment.
No need to worry about future debt and long-term liabilities. None will matter after the coming insurrection.
It's okay. BB has this huge sanitary napkin he's going to slip into our collective panties to soak all that up.
One of these days, when he gets up the courage to face it.
Ben was not upbeat, and his message was one of concern for deflation. He was not hopeful. He was worried, really worried for the banks. After all of his efforts, he is still facing deflation.
Even on the radio today they said BEN encouraged more stimulus. But, I read his remarks and listened to the Q and A, and he did not specifically ask for more stimulus. He avoided any comment on policy. Several times, he stopped short of providing policy recommendations. The congressman were clearly unable to understand the economic situation before them or what to do to aid in recovery.
Ben was pushed several times as to what other measures the FED may take to improve the economy. To me it was more of a plea from the congressman to perform some type of trick because theirs hands are tied until after the midterms.
As I said before on ZH, the ball is in the administrations court for increasing stimulus. But, with ARRA only half over, and this being the summer of recovery, or what ever the president calls it, stimulus is still being spent. What exactly would BEN have them do? Another ARRA is not politically possible at this time, and probably not justified in light of the first ARRA performance for sustainable employment.
With this level of issuance, if the Primaries are taking up slack, we should see FED reserves drop at a consistant rate. Perhaps $50B per month. If this is a trend we should be able to see it.
That this thread garnered only 20 odd responses confirms how key it is indeed, as Treasuries vacuum up all liqudity before defaulting...
Here comes the mysterious "UK" buyer...
I Love gucci and chanel. Some women do not mind buying replica handbags, while some women just love designer handbags if you can distinguish between good and bed from the replica handbag?you also can use low price get high quality enjoy?today use chanel handbag ?tomorrow carry gucci handbag?the day after tomorrow hermes handbad in your hand? this niceness all give the credit to low price?same argument you also can buy replica watches?buy DVDs louis vuitton...
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.