Campbell Harvey, described by Bloomberg as the "father of Treasury floaters," warns the Treasury...

Campbell Harvey, described by Bloomberg as the "father of Treasury floaters," warns the Treasury against issuing floating-rate debt right now, due to rates being at historic lows. "If interest rates go up, it puts the government at risk because they will need to come up with a lot of extra revenue to pay the interest bill," Harvey says.
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Comments (3)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
    more revenue.......come just print it now......this is to try to get the retail investor to buy this crap...right now its just the FED buying them....spread the pain...
    1 May 2012, 09:21 AM Reply Like
    , contributor
    Comments (10786) | Send Message
 are absolutely correct. I don't know where these supposedly smart people come up with this idea. We are deficit spending now....every year, and have been for some time. The only way the bills get paid is because we have a printing press.


    And when the Chinese come calling, we'll just take the money from their Savings Account at the Fed (holding treasuries) and put it into their Checking Account at the Fed (holding cash).
    1 May 2012, 10:51 AM Reply Like
  • Paul Price
    , contributor
    Comments (1508) | Send Message
    It doesn't matter what rate you promise to pay if you won't have the money to it pay back [without simply printing it] no matter what.
    1 May 2012, 10:42 AM Reply Like
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