It drew yawns when Romania, Hungary, Germany and China had failed auctions. I think theres another recent one Im forgetting. Greece took their ball and went home once or twice I think. I realize the US has to roll a ton of debt, but Germany seems like a pretty heavy hitter to be having trouble unloading, and I dont remember it being that bad afterwards in terms of market reaction. And the Euro has at least another few weeks left in it. China is supposed to save the world too, but thats too much of a tangled web for me to think about for tonight. Why is the US failed auction supposedly going to cause a black swan currency event when everything else was taken relatively in stride? Have I been fear-mongered or am I not weighing magnitudes well?