Comment

Hope, Rainbows, and Muammar Gadafi

441
itellu3times1/22/2009 5:32:18 pm PST

re: #417 3 wood

There is some interest (no pun intended) due to the safety factor. Once the market solidifies though, we will not be able to give the paper away.

It boggles me that people are buying these 10-year treasuries at 2.3%. Rates are likely to SOAR under the Obamanation, and people will take HUGE losses on these “safe” instruments. I’ve seen this written up, but the scenario is virtuallly certain, IMHO. The only alternative scenario is long-term deflation, but with all the libtards screaming for huge deficits to intentionally “reignite” the economy, we are almost guaranteed the worst inflation in American history, sometime in the next couple of years. That’s how I see it anyway.