Posted on 01/26/2010 9:56:57 AM PST by blam
Treasury Sells $10 Billion In 1-Month Bills With No Yield
Vince Veneziani
Jan. 26, 2010, 12:07 PM
For the fourth time in a row, the Treasury has sold off short-term bills bearing no yields at all.
It seems that with a fresh round of jitters hitting the global economy, investors are only all-too-happy to let the government have their money for free, while they wait for other opportunities.
(Excerpt) Read more at businessinsider.com ...
I wonder what's scaring them?
Ideas?
No one is willing to buy at the long end....
Gee, because the government is at war against the private sector?
A enormous flashing white flag waving with the surrenderer on his knees with his head buried past his shoulders in the sand and his bare backside showing?
A huge fraudulent accounting scheme to kite the check due on upcoming interest payments?
Can't put it in the bank, what if it fails? You're only protected up to $250,000.
Buy commercial paper? Lehman showed that's not safe either.
This has to be a scam.
I cannot see any reason to exchange paper negotiable now for paper not negotiable until three months from now, without any compensation.
UNLESS you happen to be the Federal Reserve and you are merely exchanging I-O-MEs with the Treasury.
ML/NJ
Hello, did they sell at a discount? Nice trick if that happened, then the press can write the story of zero interest.............
ML/NJ
>>Where do you put $10 billion with no risk?<<
RIETs?
HAHAHAHA! I crack myself up.
RIET = REIT
Not so funny after all. ;)
I like your tag line. Would that be Classical liberalism which holds that individual rights are natural, inherent, or inalienable, and exist independently of government which Thomas Jefferson called these “inalienable rights” or the current Obama / Clinton version?
I know it has nothing to do with the Obama Panic. ;)
Finally someone on this forum has caught on.
Where are you holding your negotiable paper now? Is it safe? Are you sure?
It applies to both as situation, judgment, and relativity vary.
Basically, even any conservative has to, at times, stop, think, evaluate (align to past history) and do the right thing, like Christians are taught.
The second, without a doubt is the Utopian, Kool-Aid drinking, elitist hell bent on thinking they are better than the rest of us - what's best for the masses - more knowing; while completely disregarding the inherent nature of man and the real lack of any true control.
Even God loves us enough to understand the importance of personal choice and self accountability.
Unfortunately, Zeewoe & Co. haven't a clue. Their life seems to be based upon mental orgasms achieved from obtaining more control over people while they are not held to the same laws they put in place.
Too bad they didn’t disclose the buyers. That would provide some measure of explanation.
Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)
LonePalm, le Républicain du verre cassé (The Broken Glass Republican)
Sweeeet.
I have my 1,000,000 in negotiable paper under my mattress...at least it was there when I went to work. Oh Crap! Gotta go.
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