Waiting for the U.S. Treasury Bubble to Burst [View article]
US Debt outstanding did NOT go up in the month of December (refer to US treas web site- "Debt to the Penny") The Federal Reserve is in this market and buying Treasuries to keep rates down. Monetary base has DOUBLED in the last 12 months. They can do this a long time as long as we are in a Recession al-la Japan. Whenever consumer demand does pick up ( 5 years ?) there will be the devil to pay and rates will go UP. But not yet. I wouldn't buy'em but don't bet the ranch that it is a bubble that will pop anytime soon.
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US Debt outstanding did NOT go up in the month of December (refer to US treas web site- "Debt to the Penny")
Jan 11 16:56 pm
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All Comments by FreddieBoy »Waiting for the U.S. Treasury Bubble to Burst [View article]
The Federal Reserve is in this market and buying Treasuries to keep rates down. Monetary base has DOUBLED in the last 12 months. They can do this a long time as long as we are in a Recession al-la Japan. Whenever consumer demand does pick up ( 5 years ?) there will be the devil to pay and rates will go UP. But not yet. I wouldn't buy'em but don't bet the ranch that it is a bubble that will pop anytime soon.