US Treasuries

March 18, 2009 at 7:06 pm | Posted in Uncategorized | Leave a comment

Hmmmm, let’s see. . .

2007 3 month treasury auction: 17.8 billion. . .
2008 3 month treasury auction: 98.1 billion. . .
Since January 1, 2009: Holy fuck. . . . . . . 322 billion!

Does anyone want to hear about the next big bubble in the news? You’ll be hearing about it soon, it’s called “US Treasuries”. I wonder what’s going to happen when no one decides to buy US treasuries anymore. . .

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