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Yes, it will be wild and lack discipline.
Aug 21 16:46 pm
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All Comments by whidbey »Armageddon? Maybe Next Week. [View article]
It is just a symptom of the larger game which is afoot. The selling of debt in the US has nothing to do with the domestic markets; not the audience that matters. So we suffer. Why own Treasuries or Agencies? I am sure we are underestimating the risks and selling our lot too cheap especially when we know this is only the beginning of the sales that must follow. Woe is us.