Wednesday, March 25, 2009

We Aren't Too Far Behind

The U.K. today could not sell any government bonds. These are the bonds they use to fund their government programs and bailouts. The U.S. Treasury had an offering for 5 year treasury bills today in which they were only able to sell 30% of. Nobody is buying them both because the notes are going to yield so negatively when considering the coming inflation, and because investors have no faith in the ability of the debtee to repay the notes.
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