/dev/null Posted April 19, 2011 Posted April 19, 2011 Really? Hey it was either state the obvious or blame George W Bush and the evil corporations for doing more harm than good
Gary M Posted April 19, 2011 Posted April 19, 2011 S&P: "You've got too much debt." White House: "La la la la la! We can't hear you!" "Look, over there a birther." A side observation: has anyone ever expressed concern that the US government is able to determine its own debt limit? Can I have that kind of power? So I can use it to, say, tell banks "yes, of course I can afford that $800k mortgage on my $30k annual salary..." We have a really screwed up system. What the hell!!! they vote themselves raises too.
DC Tom Posted April 19, 2011 Posted April 19, 2011 What the hell!!! they vote themselves raises too. At least there's a law that says the raises they vote aren't in force until after the following election. Yes, JA, this is your cue to B word about incumbent reelection rates...
John Adams Posted April 19, 2011 Posted April 19, 2011 (edited) At least there's a law that says the raises they vote aren't in force until after the following election. Yes, JA, this is your cue to B word about incumbent reelection rates... In the last cycle's "blood bath," we had 85+% reelection. That'll teach 'em! Don't invoke my name. I like sleeping. Edited April 19, 2011 by John Adams
TPS Posted April 20, 2011 Posted April 20, 2011 Wow! Big story! How high did the yield on the 10-year T-bond rise because of the S&P's statement? And T-Bills? Is all of this government borrowing driving the 3-month yield past 0.05% yet? Oh misery and woe, why are yields STILL so low?
meazza Posted April 20, 2011 Posted April 20, 2011 (edited) Wow! Big story! How high did the yield on the 10-year T-bond rise because of the S&P's statement? And T-Bills? Is all of this government borrowing driving the 3-month yield past 0.05% yet? Oh misery and woe, why are yields STILL so low? This is goldman's explanation, but I haven't read the whole article or have any comments on the analysis. zerohedge Edited April 20, 2011 by meazza
Magox Posted April 21, 2011 Author Posted April 21, 2011 Wow! Big story! How high did the yield on the 10-year T-bond rise because of the S&P's statement? And T-Bills? Is all of this government borrowing driving the 3-month yield past 0.05% yet? Oh misery and woe, why are yields STILL so low? Wow! you sound just like Paul Krugman. I wonder where Spanish and Greek Yields were a few months before a run on their bonds began? Everything is ok until they aren't. Remember that
OCinBuffalo Posted April 21, 2011 Posted April 21, 2011 Wow! you sound just like Paul Krugman. I wonder where Spanish and Greek Yields were a few months before a run on their bonds began? Everything is ok until they aren't. Remember that That's exactly right. These idiots would have us believe we can keep poking a bear indefinitely, and that it will never wake up and squish us. But when it does, whose fault will it be? The private sector, Wall Street, and of course, mine.
TPS Posted April 21, 2011 Posted April 21, 2011 Wow! you sound just like Paul Krugman. I wonder where Spanish and Greek Yields were a few months before a run on their bonds began? Everything is ok until they aren't. Remember that As I told you quite some time back, there's a huge difference between Spain/Greece and the US--US issues a sovereign currency; Spain/Greece don't. Haven't you learned anything about the ability of the FED?
Magox Posted April 21, 2011 Author Posted April 21, 2011 (edited) As I told you quite some time back, there's a huge difference between Spain/Greece and the US--US issues a sovereign currency; Spain/Greece don't. Haven't you learned anything about the ability of the FED? Thats not the point TPS, you were infering that everything is kosher simply because the bond market hasnt responded or signaled any fear yet. The point I'm making, is that that is a terrible gauge to determine if there are any real risks to the bond markets. I suggest you read up on Ken Rogoff and Carmen Reinhardt's thesis on Sovereign debt, you may actually learn something Edited April 21, 2011 by Magox
TPS Posted April 21, 2011 Posted April 21, 2011 Thats not the point TPS, you were infering that everything is kosher simply because the bond market hasnt responded or signaled any fear yet. The point I'm making, is that that is a terrible gauge to determine if there are any real risks to the bond markets. I suggest you read up on Ken Rogoff and Carmen Reinhardt's thesis on Sovereign debt, you may actually learn something I've read it.
/dev/null Posted April 21, 2011 Posted April 21, 2011 Wow! Big story! How high did the yield on the 10-year T-bond rise because of the S&P's statement? And T-Bills? Is all of this government borrowing driving the 3-month yield past 0.05% yet? Oh misery and woe, why are yields STILL so low?Wow! you sound just like Paul Krugman. I wonder where Spanish and Greek Yields were a few months before a run on their bonds began? Everything is ok until they aren't. Remember that
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