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The failure of the German bond auction vs. the success of the treasury auction paints a...

The failure of the German bond auction vs. the success of the treasury auction paints a difference in government financing. Germany, not able to print euros, must actually have buyers show. The US prints its own currency, making auctions a technical exercise to drain reserves from the system.
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  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    This is the kind of analysis that gets you promoted out of the copywriter ranks.
    9 Dec 2010, 03:39 PM Reply Like
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