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The U.S. debt debacle and the end of QEII has the bond vigilantes predicting the end of the...

  • Friday, June 3, 2011, 3:07 PM ET
    The U.S. debt debacle and the end of QEII has the bond vigilantes predicting the end of the rally , but Capital Economics' John Higgins disagrees. With inflation under control and the Fed on the sidelines through 2012, he sees the 10 year Treasury yield falling to 2.5%.
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  • This guy Higgins is an idiot. Inflation under control? What planet does he live on? The helicopter Ben planet?
    3 Jun 2011, 03:30 PM Reply Like
  • Translation: It means that Higgins does not believe that Ben will follow the path taken by the Weimar Republic and keep printing money until it is basically worthless. One would be sticking ones neck pretty far out on the chopping block to be predicting that Ben will shut down the printing press.
    3 Jun 2011, 04:30 PM Reply Like
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