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- Monday, December 28, 2009, 9:47 AM Short U.S. Treasurys, Morgan Stanley says, predicting 10-year note yields will climb 40% to 5.5% next year, pushing 30-year mortgage rates to 7.5-8%! "When you take these kinds of aggressive policy actions to prevent a depression, you have to clean up after yourself." But rival firm Goldman Sachs (GS) sees yields falling to 3.25%, which means someone's prop desk is going to get spanked.
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This news story has 2 comments:
"When you take these kinds of aggressive policy actions to prevent a depression, you have to clean up after yourself."
The American people had to choose between depression and "dishonor." They chose dishonor. They will get depression.
Eventually, chickens always come home to roost.
Why is it that some people simply do not understand that the piper ALWAYS has to be paid?