And if I may add : Who is buying T Bonds at a ridiculous risk premium of 4,53 % ?????? LOL ! Get out and run !
Economic recession in USA is simply a hoax http://english.pravda.ru/world/americas/14-02-2008/104038-economic_recession-0
With Obama at the helm,the Fascist uniforms will be terrific,believe me.Just look at the Nation Of Islam.
I think the Federal Reserve members are probably puzzled by a lot of things, including clamshell packaging, revolving doors, escalators, and the internets.
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/PXlxBeAvsB8&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/PXlxBeAvsB8&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
Did they really believe that this day would not come? Somehow I find that hard to believe. Time to face the music.
The Treasury market is WAY MORE concerned with Obama's fiscal policy than the Fed's monetary policy. If you don't believe me then take a look at the Bund and the Long Gilt vs. 30 year Treasuries. Everyone is easing but not everyone is spending money i.e. increasing supply, like the U.S.