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30-year bond auction gets dismal reception (Obama deficits)
Reuters ^
| May 7, 2009
| Burton Frierson
Posted on 05/07/2009 1:03:46 PM PDT by St. Louis Conservative
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To: St. Louis Conservative
2
posted on
05/07/2009 1:04:54 PM PDT
by
rmlew
( The SAVE and GIVE acts are institutioning Corvee. Where's the outtrage!)
To: St. Louis Conservative
A U.S. government auction of 30-year bonds met a dismal reception on Thursday, driving down bond and stock prices and raising fears the United States may face difficulty financing spending to stimulate the economy.
Good. If Republicans can't stop the spending madness, our creditors will.
To: St. Louis Conservative
Obamanomics...meet reality.
To: St. Louis Conservative
Didn’t take long for reality to set in did it?
5
posted on
05/07/2009 1:07:41 PM PDT
by
NMEwithin
To: St. Louis Conservative
To Quote Obama’s mentor: “The Chickens, they are coming home to roost.”
To: rmlew
7
posted on
05/07/2009 1:09:47 PM PDT
by
BenLurkin
To: St. Louis Conservative
Why not just print more money?
8
posted on
05/07/2009 1:11:08 PM PDT
by
BJClinton
(One Big Ass Mistake America)
To: St. Louis Conservative
Reagan gave the
citizens a stimulus package and let them handle it. It lead to an economic boom that lasted through two presidencies.
What's the opposite of Reagan and an economic boom? Barrack Oboma and the coming depression.
To: St. Louis Conservative
Stating up front that there are many different kinds of issues called "bonds", I wonder if the following headline from 4/29 perhaps had a dampening effect...
US President Barack Obama called on Chrysler LLC bondholders to make sacrifices...
.
10
posted on
05/07/2009 1:11:39 PM PDT
by
Seaplaner
(Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
To: Seaplaner
Yep, the only thing BO has stimulated is INFLATION. Fasten your seat belts... Jimmah Carter return only on steroids. (Can you say 18% interest rate ???)
11
posted on
05/07/2009 1:13:52 PM PDT
by
Reagan69
(No Representation without Taxation !)
To: St. Louis Conservative
On receiving this news, Obambi will reply, “What's a bond?”
12
posted on
05/07/2009 1:16:16 PM PDT
by
Army Air Corps
(Four fried chickens and a coke)
To: Seaplaner
US President Barack Obama called on Chrysler LLC bondholders to make sacrifices... It only stands to reason that where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master. -- Ayn Rand
To: St. Louis Conservative
The $14 billion auction met below-average demand from investors, who forced the government to pay a higher yield. If you study this stuff long enough, for oh, say, five minutes, you come to the realization that there are economic rules that can't be wished away. Well, unless you have god-like powers.
14
posted on
05/07/2009 1:20:13 PM PDT
by
Aquinasfan
(When you find "Sola Scriptura" in the Bible, let me know)
To: St. Louis Conservative
What an opportunity for a Republican candidate who wants to jump ahead of the pack to go to a serious forum such as the National Press Club or the Economics Club and deliver an indictment of the Obama inflation bomb!
The obvious candidate for this role is Mitt Romney. But what of Sarah Palin, could she not go forth and deliver a very serious address setting forth milepost after Milepost of misery which lay in wait for us down the road like so many speed traps? In a stroke she could gain gravitas and every time her predictions come true fewer and fewer would be able to-in Churchill's words, "gainsay" her.
15
posted on
05/07/2009 1:20:37 PM PDT
by
nathanbedford
("Attack, repeat attack!" Bull Halsey)
To: Reagan69
apparently theres still alot of dumb ppl willing to buy 30 years bond at low interest. In 30 years, all your is worth nothing by inflation alone
16
posted on
05/07/2009 1:20:51 PM PDT
by
4rcane
To: AnotherUnixGeek
Our creditors cannot stop the printing presses.
17
posted on
05/07/2009 1:22:58 PM PDT
by
El Sordo
To: Reagan69
Jimmah Carter return only on steroids.More than people realize. This nation hasn't seen anything yet.
Oboma has drained the well. It's run dry.
To: St. Louis Conservative
With 0bama’s spending, the coming shortages, and the closing lag time between fantasy and reality, the days of double digit interest rates are going to return. Like the bible says, people will need a cart full of money to buy a loaf of bread. These clowns are going to make the Carter years look like the good ol’ days.
19
posted on
05/07/2009 1:23:55 PM PDT
by
pallis
To: pallis
Like the bible says, people will need a cart full of money to buy a loaf of bread. These clowns are going to make the Carter years look like the good ol days. ....."but touch not (the rich politicians) oil and wine.
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